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A 10% annual precentage rate with semi-annual compounding is closest to which of the following? Select one: a. Effect annual rate of 10.18% b. Effect

A 10% annual precentage rate with semi-annual compounding is closest to which of the following?

Select one:

a. Effect annual rate of 10.18%

b. Effect annual rate of 10.25%

c. Effect annual rate of 10.38%

d. Effect annual rate of 10.00%

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