Question: Show me the steps to solve Question 5 ( 1 point ) What is the annual effective interest rate equivalent for a nominal rate of

Show me the steps to solve Question 5(1 point)
What is the annual effective interest rate equivalent for a nominal rate of 14.6%, compounded semi-annually?
When asked for a percentage answer, always round to two decimal place accuracy. i.e. for 0.1234 you would input 12.34, without the percent sign.
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