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83 Assume a bank offers an effective annual rate of 6.78%. If compounding is monthly what is the APR? Submit Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, % sign required. Will accept decimal format rounded to 6 decimal places (ex: 0.092434)) unanswered not_submitted Attempts Remaining: Infinity 14 A bank offers 7.00% on savings accounts. What is the effective annual rate if interest is compounded semi- annually? Submit Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, % sign required. Will accept decimal format rounded to 6 decimal places (ex: 0.092434) e unanswered not submitted Attamat Damainino Infinit Points: 0/4 Grade: 0 % Progress: 0 % Hide