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#4 A bank offers 8.00% on savings accounts. What is the effective annual rate if interest is compounded quarterly? Submit Answer format: Percentage Round to:

#4 A bank offers 8.00% on savings accounts. What is the effective annual rate if interest is compounded quarterly? 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: 5 #5 A bank offers 5.00% on savings accounts. What is the effective annual rate if interest is compounded monthly? 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)

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