A bank is offering to sell 6-month certificates ofdeposit
Chapter , Problem 3-46(choose chapter or problem)
A bank is offering to sell 6-month certificates ofdeposit for $9500. At the end of 6 months, the bankwill pay $10,000 to the certificate owner. Based on a6-month interest period, compute the nominal annualinterest rate and the effective annual interest rate
Unfortunately, we don't have that question answered yet. But you can get it answered in just 5 hours by Logging in or Becoming a subscriber.
Becoming a subscriber
Or look for another answer