Find effective rate (APY) and show work: (Round your answer to the nearest hundredeth.) Principal: $8,000
Rate: 12%
# of times compounded per year: Semi-annually
Solve For Effective Rate (APY): ??% ​

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41*67/2=1373.5

step-by-step explanation:

i just used a calculator

i got 10.28 but that rounds up to 10.3