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    Exam 9: Compound Interest: Further Topics and Applications
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    What Semiannually Compounded Rate Is Equivalent to 4% Compounded Monthly
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What Semiannually Compounded Rate Is Equivalent to 4% Compounded Monthly

Question 71

Question 71

Short Answer

What semiannually compounded rate is equivalent to 4% compounded monthly?

Correct Answer:

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4.03% comp...

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