SOLUTION: what annual rate compounded semi-annually is equivalent to an effective rate of 5%?

SOLUTION: what annual rate compounded semi-annually is equivalent to an effective rate of 5%?

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Question 916743: what annual rate compounded semi-annually is equivalent to an effective rate of 5%?
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!

r = = .049 rounded 0r 4.9%
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