SOLVED: Problem 2: An interest rate of 8% compounded semi-annually is how many percent if compounded quarterly. Given: Interest rate = 8% Compounding frequency = semi-annually Required: Interest rate compounded quarterly Solution
VIDEO ANSWER: the given part of this question is interest rate equal to 8 percentage semi -annual interest rate 8 percentage equal to 0 .08 and then semi -annual interest rate equal to 0 .08 divided 2 equal to 0 .04 and then 1 plus 0 .04 equal to 1
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