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A. 0.64?% B. 0.8?% C. 0.96?% D. 1.6?% A bank pays interest monthly with an EAR of 10?%. What is the periodic interest rate applicable

A. 0.64?%

B. 0.8?%

C. 0.96?%

D. 1.6?%

A bank pays interest monthly

with an EAR of 10?%.

What is the periodic interest rate applicable per month??

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