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The Bawl Street Journal costs $580, payable now, for a 2-year subscription. The newspaper is published 252 days per year (5 days per week, except holidays). If a 10% nominal annual interest rate compounded quarterly is used: What is the effective annual interest rate in this problem?
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The Bawl Street Journal costs $580, payable now, for a 2-year subscription. The newspaper is publish...
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