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    Assume an effective compound interest rate i = 2% per annum.
    Compute the following equivalent rates:
    (a) The nominal interest rate payable semi-annually



    (b) The effective interest rate payable quarterly


    Can someone help me? All I now is that i^(p)=p*i_p for nominal interest but cant seem to figure out what p is? Is it a half? Which is 1%? Or double? Which is 4%?
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    Anyone?????
 
 
 
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Updated: February 13, 2018
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