r = \left(1 + \frac{0.16}{2} \right)^2 - 1 = (1.08)^2 - 1 = 1.1664 - 1 = \textbf{16.64%}
MathBot Answer:
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r = \left(1 + \frac{0.16}{2} \right)^2 - 1 = (1.08)^2 - 1 = 1.1664 - 1 = \textbf{16.64%}
MathBot Answer:
MathBot is working on a solution to your problem.