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A bank offers a stated annual interest of 7.10% on savings accounts, which is compounded monthly. The effective annual rate is %. O 1) 7.3357

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A bank offers a stated annual interest of 7.10% on savings accounts, which is compounded monthly. The effective annual rate is %. O 1) 7.3357 2) 74395 3) 7.5493 4) 7.6541 5) 7.7633

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