Question: Find the nominal annual rate of interest compounded semi-annually that is equivalent to 6.7% compounded monthly. The nominal annually compounded rate of interest is %.

Find the nominal annual rate of interest compounded semi-annually that is

Find the nominal annual rate of interest compounded semi-annually that is equivalent to 6.7% compounded monthly. The nominal annually compounded rate of interest is %. (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.)

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