Question: A Moving to another question will save this response. Question 7 Charter Bank pays a 4.30% nominal rate on deposits, with monthly compounding. What effective

A Moving to another question will save this response. Question 7 Charter Bank pays a 4.30% nominal rate on deposits, with monthly compounding. What effective annual rate (EFF%) does the bank pay? O a. 5.04% b.5.44% c. 4.74% O d. 4.39% e. 5.09%

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