For an APR of 15% per year, if the interest is compounded weekly, determine the nominal rate per (a) 6 months and (b) 2 years The nominal interest rate per 6 months is The nominal interest rate per 2 years is

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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For an APR of 15% per year, if the interest is compounded weekly, determine the nominal rate per (a) 6 months and (b) 2 years
The nominal interest rate per 6 months is [
The nominal interest rate per 2 years is
Transcribed Image Text:For an APR of 15% per year, if the interest is compounded weekly, determine the nominal rate per (a) 6 months and (b) 2 years The nominal interest rate per 6 months is [ The nominal interest rate per 2 years is
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