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SOLVED: (a) Compute the effective interest rate corresponding to a nominal interest rate of 9 % compounded semiannually. Effective interest rate, as a percent, rounded to 4 decimal places = % (b)

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SOLVED: (a) Compute the effective interest rate corresponding to a nominal interest rate of 9 % compounded semiannually. Effective interest rate, as a percent, rounded to 4 decimal places = % (b)

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