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What is the effective annual rate of 12% compounded semi-annually? a.12.36% b.11.24% c.12.96% d.12.54% e. 12.00%
What is the effective annual rate of 12% compounded semi-annually?
a.12.36%
b.11.24%
c.12.96%
d.12.54%
e. 12.00%
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