What rate, converted semiannually, isequivalent to an 8% effective rate? *7.846%O 8.12 %9%O 1.222 % Discount 7,500 PHP for 2 years at 8%converted monthly. *O 6,394.47 PHPO 5,394.47 PHPO 10,394.47 PHPO 9,394.47 PHP

By Bartleby policy I have to solve only first one as these are unrelated problems.These are…

Answered: What rate, converted semiannually, is…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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What rate, converted semiannually, is equivalent to an 8% effective rate? * O 7.846% O 8.12 % 9% O 1.222 %