At a nominal interest rate of i i convertible semiannually, an investment of 1,000 immediately and 1,500 at the end of the first

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Umnica [9.8K]

3 years ago

6

At a nominal interest rate of i i convertible semiannually, an investment of 1,000 immediately and 1,500 at the end of the first

year will accumulate to 2,600 at the end of the second year. Calculate i i.

Business

1 answer:

WINSTONCH [101] · Answer 1 · 2022-11-01T05:19:58+03:00

WINSTONCH [101]3 years ago

8 0

At a nominal interest rate of i i convertible semiannually, an investment of 1,000 immediately and 1,500 at the end of the first year will accumulate to 2,600 at the end of the second year. Calculate i i.