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 ->  Equations -> 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       Log On


   



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) About Me  (Show Source):