document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1080205>Question 1080205</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Give the number of periods, n, and the interest rate per period, i, for the following situation. Express value of i to two decimal places e.g. 0.05 <BR>\n" );
document.write( "6% compounded semiannually for 10 years </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #694399 by </B><A HREF=/tutors/aboutme.mpl?userid=jorel1380><B>jorel1380(3719)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=jorel1380><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=jorel1380><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=694399\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 6% is compounded semiannually, or 3% every compounding period. Over 10 years, that amounts to 20 compounding periods. Thus n=20. So:<BR>\n" );
document.write( "i=[(1.03)^20]-1<BR>\n" );
document.write( "i=1.8061112346694138117573133075817-1<BR>\n" );
document.write( "i=80.61112346694138117573133075817% interest on the principal. &#9786;&#9786;&#9786;&#9786; </SPAN>\n" );
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