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What monthly compounded rate is equivalent to 5.5% compounded semiannually?

kickykhalil

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10 months ago

What monthly compounded rate is equivalent to 5.5% compounded semiannually?

What monthly compounded rate is equivalent to 5.5% compounded semiannually?

▸ 5.44% compounded monthly

▸ 5.88% compounded monthly

▸ 5.44% compounded quarterly

▸ 5.99% compounded monthly

▸ 4.44% compounded monthly

Textbook

Business Mathematics in Canada

Business Mathematics in Canada

Edition: 11^th

Authors: Jerome, Worswick

Read 74 times

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cherylel

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kickykhalil Author

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10 months ago

Correct

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