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Lada Lada
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6 years ago
Deon has $4000.00 invested at 4.5% compounded semi-annually at her bank. In order to make a comparison with another financial institution she needs to know the effective rate of interest at her bank. What is the effective annual rate of interest?
A) 1.12%
B) 2.28%
C) 9.10%
D) 4.55%
E) 4.5%
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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josanjosan
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6 years ago Edited: A year ago, bio_man
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3 years ago
thankyou
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