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Posted by **Dee** on Friday, May 6, 2011 at 5:04pm.

11%/year compounded semiannually

- Finite Math -
**Reiny**, Friday, May 6, 2011 at 5:08pmmake a comparison base on one year

let the effective rate be i

(1+i)^1 = (1.055^2

1+i = 1.113025

i = .113025 or 11.3025% per annum

- Finite Math -
**Dee**, Friday, May 6, 2011 at 5:39pmI'm so lost...

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