Calculation of semi-annual compounded nominal interest rate

Reference no: EM13827045

Problem:

Find the value of $500 paid each 6 months for 5 years at a nominal (annual) rate of 14% compounded semiannually.

Summary of question:

This question basically belongs to Finance as well as it explains about calculation of semi-annual compounded nominal interest rate for an amount paid each 6 months.

Reference no: EM13827045

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Calculation of semi-annual compounded nominal interest rate : Find the value of $500 paid each 6 months for 5 years at a nominal (annual) rate of 14% compounded semiannually.

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