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Pepper earns interest at a nominal rate of 7.25% compounded semi-annually. A 0.1% expense is charged semi-annually to the account immediately after the interest

Pepper earns interest at a nominal rate of 7.25% compounded semi-annually. A 0.1% expense is charged semi-annually to the account immediately after the interest is earned. What annual effective yield is Pepper receiving? Answer: %

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