Question: Use Table 13 - 1 Appropriate formula for Exercise 11 - 16. See Examples 3 and 4 for table or Examples 5 through 7 for

Use Table 13 - 1 Appropriate formula for Exercise 11 - 16. See Examples 3 and 4 for table or Examples 5 through 7 for formulas.
Find the effective interest rate for a loan for four years compounded semiannually at an annual rate of 2%. Use the table method?

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