Question: Question 4 (1 point) Calculate the annual effective rate equivalent to a nominal rate of 7.18% compounded semi- annually. Round your answer to 2 decimal

Question 4 (1 point) Calculate the annual effective rate equivalent to

Question 4 (1 point) Calculate the annual effective rate equivalent to a nominal rate of 7.18% compounded semi- annually. Round your answer to 2 decimal places as a percent (but don't include the % sign). Your Answer: Answer Question 5 (1 point) Calculate the monthly compounded rate (312) equivalent to a semi-annually compounded rate of 6.96% (j2). Express your answer as a percent rounded to 2 decimal places. Your

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