What is the effective semi-annual interest rate

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Question: What is the effective semi-annual (every 6 months) interest rate for a 10% nominal annual loan with weekly compounding. NOTE: Enter your percentage as a whole number to 3 decimal places (i.e. 10.512% would be entered as 10.512) The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132133793

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