A bank is offering a savings account with an effective annual compound interest rate of 6.50%. The compounding period fo

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answerhappygod
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A bank is offering a savings account with an effective annual compound interest rate of 6.50%. The compounding period fo

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A bank is offering a savings account with an effective annual
compound interest rate of 6.50%.
The compounding period for the bank is every 2 months.
What is the interest rate for the bank account for each 2 month
period?
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