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The Effective Rate When The Stated Rate Is 13.5% And The Interest Is Compounded Semiannually?

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    (1 + .135/2)^2 = 1.0675^2 = 1.13955625 = (1 + .13955625)

    The effective rate is 13.955625%
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    Oddman  

    answered 6 months ago

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