Find the total number of compounding periods and the interest rate per period for the investment. Term of Investment Nominal (Annual) Rate (%) Interest Compounded Compounding Periods Rate per Period (%) 5 years  4.5  semiannually

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 26E
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Find the total number of compounding periods and the interest rate per period for the investment.

Term of
Investment
Nominal
(Annual) Rate (%)
Interest
Compounded
Compounding
Periods
Rate per
Period (%)
5 years  4.5  semiannually     
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