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Determine the effective annual yield for $1 invested for 1 year at 6.1% compounded semiannually.

Determine the effective annual yield for $1 invested for 1 year at 6.1% compounded semiannually.
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Determine the effective annual yield for $1 invested for 1 year at 6.1% compounded semiannually.

User TeeDeJee
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1 Answer

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The effective annual yield for $1 invested for 1 year at 6.1% compounded semiannually is 6.22%.
User Barbarossa
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