Question: Semi-Annual Rate Calculation: The semi-annual rate can be calculated using the formula: semi-annual = ( 1 0.06833 ) 1 2 1 r semi-annual =(1 0.06833)

Semi-Annual Rate Calculation: The semi-annual rate can be calculated using the formula: semi-annual = ( 1 0.06833 ) 1 2 1 r semi-annual =(1 0.06833) 2 1 1 This yields: semi-annual = ( 1 0.06833 ) 1 2 1 r semi-annual =(1 0.06833) 2 1 1 semi-annual = 1 0.06833 1 r semi-annual = 1 0.06833 1 semi-annual = 1.06833 1 r semi-annual = 1.06833 1 semi-annual = 0.033993 r semi-annual =0.033993

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