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The quoted interest rate is 11% for a semi-annually compounded product. Fill in the blanks: the annual percentage rate is _______; the effective annual rate
The quoted interest rate is 11% for a semi-annually compounded product. Fill in the blanks: the annual percentage rate is _______; the effective annual rate is ______.
11%; 11.3%
22%; 23.2%
22%; 11.3%
11%; 23.2%
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Meetings Expositions Events And Conventions An Introduction To The Industry
Authors: George Fenich
5th Edition
0134735900, 9780134735900
