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Calculate the effective annual rate for 19.2% compounded semi-annually. A 19.94% B 20.12% C 23.44% D 22.72% E 21.72%

Calculate the effective annual rate for 19.2% compounded semi-annually.

A 19.94%

B 20.12%

C 23.44%

D 22.72%

E 21.72%

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