If the interest rate is 7.6% p.a. convertible 2 times a year, find the equivalent nominal rate of interest p.a. if it were payable 12 times a year. (as a %, to 2 decimal places)
HOW DO I FIGURE THIS OUT PLEASE
If the interest rate is 7.6% p.a. convertible 2 times a year, find the equivalent nominal rate of interest p.a. if it were payable 12 times a year. (as a %, to 2 decimal places)
HOW DO I FIGURE THIS OUT PLEASE