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Determine the effective annual yield for $1 invested for 1 year at 7.6% compounded semiannually. The effective annual yield is %. (Round to the nearest hundredth.)

Determine the effective annual yield for $1 invested for 1 year at 7.6% compounded semiannually. The effective annual yield is %. (Round to the nearest hundredth.)
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Determine the effective annual yield for $1 invested for 1 year at 7.6% compounded semiannually.

The effective annual yield is %.
(Round to the nearest hundredth.)

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User Nfgl
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7.9k points

1 Answer

7 votes
I’ll answer just let me do it
answered
User Hop Hop
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