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Posted on Sep 20, 2024

If $ 1 1 2 5 . 0 0 accumulates to $ 1 2 4 8 . 1 9 in two years, six months compounded

If $

1125.00

accumulates to $

1248.19

in two years, six months compounded semi

-

annually, what is the effective annual rate of interest?The effective annual rate of interest is

% .

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