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10) Determine the nominal rate of interest if the periodic rate is 2.25% per quarter. A) 1.75% B) 3.5% C) 5.25% D) 9%

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10) Determine the nominal rate of interest if the periodic rate is 2.25% per quarter. A) 1.75% B) 3.5% C) 5.25% D) 9%

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