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Business, 13.11.2020 16:50 RNBWBlight2037

A bank quotes a stated annual interest rate of 4.00%. If that rate is equal to an effective annual rate of 4.08%, then the bank is compounding interest:. A) daily
B) quarterly.

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A bank quotes a stated annual interest rate of 4.00%. If that rate is equal to an effective annual r...
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