[Solved] You are quoted an APR (annual percentage

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You are quoted an APR (annual percentage rate) of .0864 on a loan. The APR is a stated rate. The loan has semiannual compounding. What

You are quoted an APR (annual percentage rate) of .0864 on a loan. The APR is a stated rate. The loan has semiannual compounding. What is the periodic semiannual rate?

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