document.write( "Question 1193458: Find the effective rate equivalent to 9% compounded semi-annually \n" ); document.write( "
Algebra.Com's Answer #825484 by ikleyn(52781)\"\" \"About 
You can put this solution on YOUR website!
.
\n" ); document.write( "
\r\n" );
document.write( "\r\n" );
document.write( "The annual growth coefficient is\r\n" );
document.write( "\r\n" );
document.write( "    \"%281+%2B+0.09%2F2%29%5E2\" = \"1.045%5E2\" = 1.092025.\r\n" );
document.write( "\r\n" );
document.write( "\r\n" );
document.write( "So, the annual effective rate is  9.2025%.    ANSWER\r\n" );
document.write( "
\r
\n" ); document.write( "\n" ); document.write( "Solved and explained.\r
\n" ); document.write( "
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "
\n" ); document.write( "
\n" );