At the end of 6 months, the bank will pay $13,000 to the certificate A owner. Compute the nominal annual interest rate and the effective annual interest rate. At the end of 6 months, the bank will pay $13,000 to the certificate A owner. Required:
Compute the nominal annual interest rate and the effective annual interest rate.

The upper-level managers of synergy technology are meeting for the week to look at the long-term company goals and overall direction of the organization. the ceo has expressed her concern over the economy and has told her managers to look closely at the environment outside the organization before making decisions and to be future oriented. in this meeting, top managers of synergy are