Calculate the Nominal Rate of Interest P

question 50

Multiple Choice

Calculate the nominal rate of interest p.a. compounded semi-annually if $5000.00 accumulates to $7002.64 in 78 months.

• A) 0.8656%
• B) 0.02625%
• C) 2.625%
• D) 0.0525%
• E) 5.25%

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Definitions:

Real Assets

Physical or tangible assets that have intrinsic value, such as real estate, commodities, and natural resources.

Real Assets

Physical assets such as real estate, commodities, and natural resources that have intrinsic value.

Plant and Equipment

Tangible long-term assets owned by a business, used in the production or supply of goods and services, such as machinery and buildings.

Limited Liability

A legal structure that limits the financial liability of the owners to the amount of money they invested in the company.