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Posted: **Sun Jul 10, 2022 10:52 am**

: What Is The Effective Annual Rate Of Interest If 1200 00 Grows To 1500 00 In Two Years Compounded Semi Annually The E 1 (19.47 KiB) Viewed 72 times

What is the effective annual rate of interest if $1200.00 grows to $1500.00 in two years compounded semi-annually? The effective annual rate of interest as a percent is%. (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.)