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The effective annual rate of 3 percent compounded semiannually is q , . ( A ) 3 . 0 2 2 5 percent ( B

The effective annual rate of 3 percent compounded semiannually is q,.
(A)3.0225 percent
(B)4.1020 percent
(C)2.9051 percent
(D)3.2030 percent
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