You are informed that the nominal rate of interest per half year convertible monthly is 6%. Calculate, to 5 decimal places, the following compound rates that are equivalent to the above: (i) (i) (ii) The nominal rate of interest per half-year convertible quarter-yearly; The nominal rate of interest per annum convertible every third year; The nominal rate of discount per annum convertible monthly;

You are informed that the nominal rate of interest per half year convertible monthly is 6%. Calculate, to 5 decimal places, the following compound rates that are equivalent to the above: (i) (i) (ii) The nominal rate of interest per half-year convertible quarter-yearly; The nominal rate of interest per annum convertible every third year; The nominal rate of discount per annum convertible monthly;

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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