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(30 points ) Choose the best answer to each of the following questions. If the interest earned by a savings account, paying an APR of

(30 points ) Choose the best answer to each of the following questions. If the interest earned by a savings account, paying an APR of 12% is compounded semi annually, then what percent of the current balance is deposited every six months durins the year? (a) 2% (b) 6% (c) 12%

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