At a nominal interest rate of i convertible semiannually
Problem
At a nominal interest rate of "i" convertible semiannually and investment of $1500 immediately and $2000 at the end of the first year will accumulate to $3700 at the end of the second year. Find the interest rate.
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problemat a nominal interest rate of i convertible semiannually and investment of 1500 immediately and 2000 at the end
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