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At the end of 6 months, the bank will pay $13,000 to the certificate A owner. Compute the nominal annual interest rate and the effective annual interest rate. At the end of 6 months, the bank will pay $13,000 to the certificate A owner.
Required:
Compute the nominal annual interest rate and the effective annual interest rate.
Answers: 2
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At the end of 6 months, the bank will pay $13,000 to the certificate A owner. Compute the nominal an...
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