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If the interest rate is stated as 2.2% per 6 months compounded continuously, the effective annual interest rate is closest to: Select one: a.3.4%. b.2.22%.
If the interest rate is stated as 2.2% per 6 months compounded continuously, the effective annual interest rate is closest to:
Select one:
a.3.4%.
b.2.22%.
c.3.45%.
d.4.5%.
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