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Can you explain how you would arrive to the answer and how to calculate this using a financial calculator 9. You are currently earning 12%

image text in transcribedCan you explain how you would arrive to the answer and how to calculate this using a financial calculator

9. You are currently earning 12% compounded semiannually. Your investment company is switching all accounts to daily compounding. What rate will give you the same effective annual rate of return as you are receiving now? a. 10.83% b. 10.97% c. 11.66% d. 11.89%

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