The annual percentage rate is 6.5%.
Given that,
- Sue bought a six-month CD for $5000.
- She said that at maturity it paid $162.50 in interest.
Based on the above information, the calculation is as follows:
[tex]= (162.50 \times 2 \times 100\%) \div \$5,000[/tex]
= 6.5%
Therefore we can conclude that the annual percentage rate is 6.5%.
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