It is called effective interest rate.
For example, you invest in a bond wich pays 5% annual interest rate and it compounds semiannually.
The first semester you win 2.5% over the capital invested and in the second semester you win 2.5% over the capital plus the interested earned in the first semester. Then the effecive interest rate is higher than 5%.
Answer:
25
Step-by-step explanation:
Jjnjjnjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjj
Answer:
c
Step-by-step explanation:
