8. Find the nominal rate under which $3500 is the present value of $5000, due ·at the end of 12} years. Interest is compounded semi- annually.

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Extracted text: 8. Find the nominal rate under which $3500 is the present value of $5000, due ·at the end of 12} years. Interest is compounded semi- annually.


Extracted text: 19. Determine the nominal rate which, if converted semi-annually, may be used in place of the rate 5%, compounded quarterly.