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What is the effective annual rate of interest if $1000 grows to $1500 in four years compounded semi-anually? The effective annual rate of interest as

What is the effective annual rate of interest if $1000 grows to $1500 in four years compounded semi-anually? The effective annual rate of interest as a percent is _____%. (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.

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