Assuming semiannual every 6 months compounding what is the
A student bought a $75 used guitar and agreed to pay for it with a single $85 payment at the end of 6 months. Assuming semiannual (every 6 months) compounding, what is the nominal annual interest rate? What is the effective interest rate?
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a student bought a 75 used guitar and agreed to pay for it with a single 85 payment at the end of 6 months assuming
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