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QUESTION
For a sum of money invested at 4.2% compounded semi-annually for 5.
For a sum of money invested at 4.2% compounded semi-annually for 5.5 years, state
a) the nominal annual rate of interest ( j )
b) the number of compounding periods per year ( m )
c) the periodic rate of interest ( I )
d) the number of compounding periods in the term ( n )
e) the compounding factor ( 1 + I )n
f) the numerical value of the compounding factor
