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Convert 4.06% compounded monthly to an equivalent interest rate compounded semi-annually. Round the effective rate to four decimal places, round the final answer to two

Convert 4.06% compounded monthly to an equivalent interest rate compounded semi-annually. Round the effective rate to four decimal places, round the final answer to two decimal places. NOM (1) - C/Y (1) - 2 X EFF 4.06 X% NOM (2) C/Y (2) - 2

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