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23 Let's say Benny deposits $10,500 dollars in a CD (Certificate of Deposit) at Star Bank. The bank is offering to pay 4.36% interest for

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23 Let's say Benny deposits $10,500 dollars in a CD (Certificate of Deposit) at Star Bank. The bank is offering to pay 4.36% interest for 5 years. If this bank product compounds monthly what is the effective annual yield (EAY) a. 3.460% b. 4.490% c. 3.505% d. 3.515%

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