8% APR compounded semi-annually equals ______ APR compounded annually

a) 7.85 %

b) 8.16 %

c) 8.81 %

d) 7.92 %

e) 8.01 %

I am not sure how to calculate this, and am not sure of what formula to use. Any help would be appreciated.

Printable View

- Jan 19th 2011, 04:57 PMShapeshiftCalculating APR
8% APR compounded semi-annually equals ______ APR compounded annually

a) 7.85 %

b) 8.16 %

c) 8.81 %

d) 7.92 %

e) 8.01 %

I am not sure how to calculate this, and am not sure of what formula to use. Any help would be appreciated. - Jan 19th 2011, 05:38 PMdwsmith
- Jan 19th 2011, 06:09 PMShapeshift
I got 8.16%. Thanks!!