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What is the effective annual rate (EAR) of an 8 percent annual stated rate that is compunded semi-annually? 8.0000% 8.1600% 0 8.2432% 8.3000% None of

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What is the effective annual rate (EAR) of an 8 percent annual stated rate that is compunded semi-annually? 8.0000% 8.1600% 0 8.2432% 8.3000% None of these are correct

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