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investment company advertises accounts that actually yields 13% interest per year when compounded semiannually. What is the nominal interest rate per year?

Fundamentals Of Construction Estimating

4th Edition

ISBN:9781337399395

Author:Pratt, David J.

Publisher:Pratt, David J.

Chapter18: Life-cycle Costing

Section: Chapter Questions

Problem 7RQ

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An investment company advertises accounts that actually yields 13% interest per year when compounded semiannually. What is the nominal interest rate per year?

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