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Assuming the nominal interest rate (APR) of 8%, what is the effective annual rate (EAR) when the interest rate compounds semiannually? O 8.18% O 8.16%

Assuming the nominal interest rate (APR) of 8%, what is the effective annual rate (EAR) when the interest rate compounds semiannually? O 8.18% O 8.16% O 8.12% O 8.09%

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