If i= 14.8% per year, compounded monthly. What is the effective interest rate per semiannual? (ABET, SO1) Select one: Oa. 15.85% Ob. 7.63% O c. 7.4% O d. 1.23%

Essentials Of Investments
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If i= 14.8% per year, compounded monthly, What is the
effective interest rate per semiannual? (ABET, S01)
Select one:
Oa. 15.85%
Ob. 7.63%
O c. 7.4%
O d. 1.23%
Oe. 7.91%
Transcribed Image Text:If i= 14.8% per year, compounded monthly, What is the effective interest rate per semiannual? (ABET, S01) Select one: Oa. 15.85% Ob. 7.63% O c. 7.4% O d. 1.23% Oe. 7.91%
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