Question

Question 19 of 20
An investment offers 18 Percent nominal interest rate with semi-annually compounding. What is the effective interest rate for the said investment?
Option 1 13.8 percent
Option 2
4.6 Percent
Option 3 16.00 Percent
Option 4 18.81 Percent

Answer 1

Explanation:

Option 1 13.8 percent

Option 2

4.6 Percent

Option 3 16.00 Percent

Option 4 18.81 Percent