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What is the effective annual rate of interest if $1300.00 grows to $1800.00 in four 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.)
What is the nominal annual rate of interest compounded semi-annually at which $1328.00 will accumulate to $2304.36 in eight years and six months? The nominal annual rate of interest is%. (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.)