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What is the effective annual rate (EAR) of a 6 percent annual stated rate that is compounded semiannually? Group of answer choices 6.0900% None of
What is the effective annual rate (EAR) of a 6 percent annual stated rate that is compounded semiannually?
Group of answer choices
6.0900%
None of these are correct.
6.1678%
6.1831%
6.1364%
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