Effective annual rate-compounded semi-annually


Problem: What is the effective annual rate of 8.7 percent compounded semi-annually?

  • 8.99 percent
  • 9.67 percent
  • 8.32 percent
  • 10.27 percent
  • 8.89 percent

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Finance Basics: Effective annual rate-compounded semi-annually
Reference No:- TGS01450241

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