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Determine the effective rate of $1 invested at 6% compounded semiannually. Multiple choice question. 6% 3% 6.09%$1 is compounded semiannually for 5 years at 2%

Determine the effective rate of $1 invested at 6% compounded semiannually. Multiple choice question. 6% 3% 6.09%$1 is compounded semiannually for 5 years at 2% interest. How many periods will this result in? Multiple choice question. 5 10 20 2

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