SOLUTION: ind the effective rate corresponding to the given nominal rate. (Assume a 365-day year. Round your answer to two decimal places.) 7%/year compounded semiannually

SOLUTION: ind the effective rate corresponding to the given nominal rate. (Assume a 365-day year. Round your answer to two decimal places.) 7%/year compounded semiannually

Algebra.Com

Question 730128: ind the effective rate corresponding to the given nominal rate. (Assume a 365-day year. Round your answer to two decimal places.)
7%/year compounded semiannually

Answer by lynnlo(4176) (Show Source): You can put this solution on YOUR website!

RELATED QUESTIONS
Find the effective rate corresponding to the given nominal rate. (Round your answer to... (answered by rfer)

Find the effective rate corresponding to the given nominal rate. (Assume a 365 day year.... (answered by solver91311)

Find the effective rate corresponding to the given nominal rate. (Use a 365-day year.)... (answered by stanbon)

Suppose that over a six-year period ,1,000 dollars accumulated to 1,959 dollars in an... (answered by Theo)

Suppose that over a six-year period ,1,000 dollars accumulated to 1,959 dollars in an... (answered by jorel1380)

Please Help: Find the effective rate corresponding to the given nominal rate. Round... (answered by stanbon)

PLEASE HELP Find the effective rate corresponding to the following nominal rate of 6%... (answered by Alan3354)

I saw similar problems (Stanbon (64282))on the site and when I followed the steps being... (answered by stanbon)

Can someone please help me with this problem: Find the effective rate corresponding to (answered by stanbon)