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Calculate the monthly compounded rate (j12) equivalent to a semi-annually compounded rate of 8.31%(j2). Express your answer as a percent rounded to 2 decimal places..

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Calculate the monthly compounded rate (j12) equivalent to a semi-annually compounded rate of 8.31%(j2). Express your answer as a percent rounded to 2 decimal places.. Your Answer: Answer Question 10 (1 point) How long will it take to double your investmnt if you earn 5.50% compounded monthly? Express your answer in years, rounded to 2 decimal places. Your

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