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A bank is offering an interest rate of 6.00% per year, compounded every 2 months. What is the effective annual interest

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A bank is offering an interest rate of 6.00% per year, compounded every 2 months. What is the effective annual interest

Posted: Sun May 29, 2022 8:07 pm
by answerhappygod
A bank is offering an interest rate of 6.00% per year,
compounded every 2 months.
What is the effective annual interest
rate?
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