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10.3.B.3 If $1165.00 accumulates to $1431.08 in two years, six months compounded semi-annually, what is the effective annual rate of interest? The effective annual rate

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10.3.B.3 If $1165.00 accumulates to $1431.08 in two years, six months compounded semi-annually, what is the effective annual rate of interest? The effective annual rate of interest is %. (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.)

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