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Determine the effective annual yield for $1 invested for 1 year at 3.7% compounded semiannually. 10%

Determine the effective annual yield for $1 invested for 1 year at 3.7% compounded semiannually. 10%
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Determine the effective annual yield for $1 invested for 1 year at 3.7% compounded semiannually.

10%

User Xizam
by
7.3k points

1 Answer

5 votes

Answer:

$0.035

Explanation:

User Sharifa
by
8.5k points
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