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What is the effective annual rate of 11 percent compounded semi-annually? 11.30 percent 11.37 percent 11.26 percent 11.41 percent 11.45 percent?

What is the effective annual rate of 11 percent compounded semi-annually? 11.30 percent 11.37 percent 11.26 percent 11.41 percent 11.45 percent?
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What is the effective annual rate of 11 percent compounded semi-annually? 11.30 percent 11.37 percent 11.26 percent 11.41 percent 11.45 percent?

User Munez NS
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2 Answers

2 votes

Answer:11.37%

Step-by-step explanation:

User Bendervader
by
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3 votes
Im pretty sure it is 11.37 percent

User Smilin Brian
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