document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1147182>Question 1147182</A>: <I><SPAN STYLE=\"word-break: break-all;\"> What is the effective annual rate of investment that pays 6% for 5 yrs compounded semiannual </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #768473 by </B><A HREF=/tutors/aboutme.mpl?userid=Boreal><B>Boreal(15235)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Boreal><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=Boreal><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=768473\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> this is (1+(.06/2))^2-1, the .06 the interest rate, the 2 the number of compounding periods.<BR>\n" );
document.write( "This is 1.03^2-1=0.0609=6.09% </SPAN>\n" );
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