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) About Me  (Show Source):
You can put this solution on YOUR website!
%281+%2B+r%2F4%29%5E4+=+5
r = 4%28root%284%2C5%29-1%29 = .049 rounded 0r 4.9%