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Time value of money

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4.6) For an interest rate of 12% per year compounded every 2 months, determine the nominal interest rate per (a) 4 months, (b) 6 months, (c) 2 years.

4.11) What nominal interest rate per year is equivalent to an effective 16% per year, compounded semiannually?

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This solution is comprised of a detailed explanation to determine the nominal interest rate per (a) 4 months, (b) 6 months, (c) 2 years and answer what nominal interest rate per year is equivalent to an effective 16% per year, compounded semiannually.

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Time value of money
4.6) For an interest rate of 12% per year compounded every 2 months, determine the nominal interest rate per (a) 4 months, (b) 6 months, (c) 2 years.

Nominal interest rate = ...

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