A bank offers 6.00% on savings accounts. What is the effective annual rate if interest is compounded
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- A bank offers 6.00% on savings accounts. What is the effective annual rate if interest is compounded semi-annually
- A bank offers 7.00% on savings accounts. What is the effective annual rate if interest is compounded quarterly?
- A bank offers 9.00% on savings accounts. What is the effective annual rate if interest is compounded monthly?
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