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What annual percentage rate (APR) compounded monthly is equivalent to an interest rate of 6.25% per year compounded semi-annually? A) 6.33% B) 6.21% C) 5.99%

What annual percentage rate (APR) compounded monthly is equivalent to an interest rate of 6.25% per year compounded semi-annually?

A)

6.33%

B)

6.21%

C)

5.99%

D)

6.17%

E)

6.03%

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