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What is the effective annual rate if a bank charges you 10% compounded semiannually? Select one: O a. 10.25% O b. 12.25% O c. 10%

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What is the effective annual rate if a bank charges you 10% compounded semiannually? Select one: O a. 10.25% O b. 12.25% O c. 10% O d. 10.5%

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