P500,000 was deposited for a period of 5 yrs. And 6 months and bears on interest of P85,659.25. What is the nominal rate of interest if it is compounded quarterly? What is the actual rate of interest?...

P500,000 was deposited for a period of 5 yrs. And 6 months and bears on interest of P85,659.25.

• What is the nominal rate of interest if it is compounded quarterly?

• What is the actual rate of interest?

• What is the equivalent nominal rate if it is compounded semi-quarterly?