The effective annual rate is 3 ie re 03 what is the stated


The effective annual rate is 3% (i.e., re = .03). What is the stated rate for compounding semi-annually that is associated with this effective rate? That is, solve for rs such that 1+re = (1+(rs/2))2 given re = .03.

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Finance Basics: The effective annual rate is 3 ie re 03 what is the stated
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