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B. [-11 Points] DETAILS 0.3100 Submissions Used Find the effective interest rate corresponding to a nominal interest rate of 4% compounded semiannually. 0 rear: {1.04}:2

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B. [-11 Points] DETAILS 0.3100 Submissions Used Find the effective interest rate corresponding to a nominal interest rate of 4% compounded semiannually. 0 rear: {1.04}:2 + 1 0 ret: {1.04}D'M'2 1 0 ret: {1.11231'3-\"4'2 1 O ret: {1.114}2 1 O ret: {1.112}2 1

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