What is the equivalent stated rate if compounded
[EAR to SAIR Conversion]: The effective annual rate is 3% (i.e., re = .03). What is the equivalent stated rate if compounded semi-annually? That is, solve for rs such that 1+re = (1+(rs/2))2 given re = .03.
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ear to sair conversion the effective annual rate is 3 ie re 03 what is the equivalent stated rate if compounded
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