2 years ago

May someone help me please.

Mathematics

1 answer:

skad [1K]2 years ago

8 0

Answer:

Step-by-step explanation:

i think

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The effective rate is calculated in the following way:
$r = {(1 + \frac{i}{n} )}^{n} - 1$
where r is the effective annual rate, i the interest rate, and n the number of compounding periods per year (for example, 12 for monthly compounding).
our compounding period is 2 since the bank pays us semiannually(two times per year) and our interest rate is 8%
so lets plug in numbers:
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