Financial Math on Spreadsheet and Calculator Version 4 - Babson College

Example One: In the FV example above, the nominal rate (5%) equals the periodic rate because there is only one payment per year. If the bank had offered semi-annual compounding, the period rate would have been 2.5% (5% divided by 2 periods per year equals 2.5%) and the number of periods would double (5 ................
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