#### Problem Statement: ECE Board November 1998

The effective rate of 14% compounded semi-annually is

- A. 14.49%
- B. 12.36%
- C. 14.94%
- D. 14.88%

#### Problem Answer:

The effective rate of 14% compounded semi-annually is **14.49%**.

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More Questions in: Engineering Economics (Simple & Compound Interest)

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