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Homework. 3.1. Points. TOT Determine the effective rate for $1 invested for 1 year at 7.7% compounded semiannually. The effective rate is (%. ed: (Do

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Homework. 3.1. Points. TOT Determine the effective rate for $1 invested for 1 year at 7.7% compounded semiannually. The effective rate is (%. ed: (Do not round until the final answer. Then round to the nearest thousandth as needed.) score 5: omiss estion 1

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