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White Clouds Bank is trying to compete for Blue Sky's depositors by offering a better savings rate which provides 6.88% compounded annually. What is the
White Clouds Bank is trying to compete for Blue Sky's depositors by offering a better savings rate which provides 6.88% compounded annually. What is the interest rate compounded on a semiannual basis being offered by the bank? (Provide your solution as a decimal with four digits of accuracy.)
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