Determine the Equivalent Nominal Rate of Interest Compounded Semi-Annually, as 4.2

question 84

Multiple Choice

Determine the equivalent nominal rate of interest compounded semi-annually, as 4.2% compounded monthly.

• A) 4.20%
• B) 4.24%
• C) 4.28%
• D) 4.36%
• E) 4.44%

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