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A bank pays 7.7% compounded montity on certain types of deposits. It interest is compounded quarterly, what nominal rate of interest will maintain the same

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A bank pays 7.7% compounded montity on certain types of deposits. It interest is compounded quarterly, 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 six decimal places as neded)

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