Question: Math 1160 - Finite Math - 1 pm Lectures - Fall 2020 Homework: Section 10.1 Exercises Score: 0 of 1 pt 10.1.55 Calculate the effective

Math 1160 - Finite Math - 1 pm Lectures - Fall 2020 Homework: Section 10.1 Exercises Score: 0 of 1 pt 10.1.55 Calculate the effective rate for 4% interest compounded semiannually. Express the effective simple interest rate as a percentage. (Round to two decimal places as needed.)

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