Minnie Rose deposited $16,000 in Street Bank at 6% interest compounded quarterly. What was the effective rate

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Minnie Rose deposited $16,000 in Street Bank at 6% interest compounded quarterly. What was the effective rate (APY)? Round to the nearest hundredth percent

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Apr 30, 2013 09:05 AM

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Minnie Rose deposited $16,000 in Street Bank at 6% interest compounded quarterly. What was the effective rate

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Business Mathematics In Canada

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