IDNLearn.com: Your trusted platform for finding precise and reliable answers. Whether your question is simple or complex, our community is here to provide detailed and trustworthy answers quickly and effectively.

Let S be the accumulated value of 1000 invested for two years at a nominal annual rate of discount d convertible semiannually, which is equivalent to an annual effective interest rate of i. Let Tbe the accumulated value of 1000 invested for one year at a nominal annual rate of discount d convertible quarterly.

S/T= (39/38)

Calculate i.