(1+0.12)2-1
Divide 0.1 by 2.
(1+0.05)2-1
Add 1 and 0.05.
1.052-1
Raise 1.05 to the power of 2.
1.1025-1
1.1025-1
Subtract 1 from 1.1025.
0.1025
Evaluate (1+0.10/2)^2-1
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