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What is the effective interest rate equivalent

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What amount of money will be required to repay a loan of $5,000 on May 31st 2000, if this loan is made on May 31st of 1995 at an interest rate of 6% compounded semiannually?

What is the effective interest rate equivalent to an annual interest rate of 10% that is converted semiannually?

Reference no: EM131890582

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