Question: The continuously compounded interest rate is 6% per year. What is the equivalent semi-annual compounded interest rate per year? 3.50% 6.09% 7.00% 8.22% 12.00%

The continuously compounded interest rate is 6% per year. What is the equivalent semi-annual compounded interest rate per year?

3.50% 6.09% 7.00% 8.22% 12.00%

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