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(1 point) (Exercise 2.25) Many banks quote two rates of interest on certificates of deposit (CDs). If a bank quotes 5.7% compounded once every two

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(1 point) (Exercise 2.25) Many banks quote two rates of interest on certificates of deposit (CDs). If a bank quotes 5.7% compounded once every two months, find the ratio of the APY (annual percentage yield) to the quoted rate for this CD. ANSWER = $ (round a number to 4 decimal places)

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