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

 

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