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What is the semiannually compounded nominal rate that is equivalent to 10.5% compounded monthly?

doggerfresh

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What is the semiannually compounded nominal rate that is equivalent to 10.5% compounded monthly?

What is the semiannually compounded nominal rate that is equivalent to 10.5% compounded monthly?

▸ 11.02%

▸ 8.75%

▸ 5.37%

▸ 10.73%

▸ 11.44%

Textbook

Business Mathematics in Canada

Business Mathematics in Canada

Edition: 11^th

Authors: Jerome, Worswick

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flipninjamel

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Thanks

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