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please help Let's assume you open an certificate of deposit, and your Bank promises a rate of 13% APR (Annual Percent Rate). The Bank officer

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Let's assume you open an certificate of deposit, and your Bank promises a rate of 13% APR (Annual Percent Rate). The Bank officer mentions that the interest will be compounded semi-annually. What is the Effective Annual Rate (EAR)? Please type the rate as percentage (i.e. 4.2 and not 0.042). Please do not type the \% symbol

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