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What is the effective rate of 18600 invested for one year at 8 0 percent compunded semianually?
Updated: 10/19/2022
Wiki User
∙ 14y agoBest Answer
18600 x (1.04)2 = 18600 x 1.0816 = 20117.76. The effective rate is 8.16%
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∙ 14y agoThis answer is:
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