An amount of 1200 earns 400 interest in 4 years, 6 months. What is the effective annual

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An amount of 1200 earns 400 interest in 4 years, 6 months. What is the effective annual rate of interest semi annually?

the effective annual rate of interest as a percent is ___ %

round the final answer to four decimal places as needed.

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Financial Reporting Financial Statement Analysis and Valuation

ISBN: 978-0324302950

6th edition

Authors: Clyde P. Stickney

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Posted Date: Jun 26, 2023 04:36 AM

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An amount of 1200 earns 400 interest in 4 years, 6 months. What is the effective annual

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Financial Reporting Financial Statement Analysis and Valuation

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