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One bank offers you an APR of 10% interest compounded monthly. What would the equivalent rate be if interest were compounded semiannually? (if you round
One bank offers you an APR of 10% interest compounded monthly. What would the equivalent rate be if interest were compounded semiannually? (if you round some of your intermediate results, please keep them at four decimal places). A) 10.47% B)5.06% C)21% D)10.21%
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