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A bank pays 10.3% compounded quarterly on certain types of deposits. If interest is compounded semi-annually, what nominal rate of interest will maintain the same
A bank pays 10.3% compounded quarterly on certain types of deposits. If interest is compounded semi-annually, what nominal rate of interest will maintain the same effective rate of interest? The nominal rate of interest is %. (Round the final answer to four decimal places as needed. Round all intermediate values to sly decimal places as needed.)
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