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A passbook savings account has a rate of 6%. Find the effective annual yield, rounded to the nearest tenth of a percent, if the interest

A passbook savings account has a rate of 6%. Find the effective annual yield, rounded to the nearest tenth of a percent, if the interest is compounded semiannually. Click the icon to view some finance formulas. The effective annual yield is 8. (Round to the nearest tenth as needed.)

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