NO.PZ2020021204000013
问题如下：
A rate is 8% with semi-annual compounding. What would the rate be if expressed with monthly compounding?
选项：
解释：
From Equation (16.2), the rate with monthly compounding is
12 [ ( 1 +0.8/2)2/12- 1] = 0.07870 or 7.870%.
为什么还要乘12？
