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A bank pays 8.3% compounded semi-annually on certain types of deposits. if interest is compounded quarterly, what nominal rate of interest will maint the same

A bank pays 8.3% compounded semi-annually on certain types of deposits. if interest is compounded quarterly, what nominal rate of interest will maint the same effective rate of interest?

the nominal rate of interest is __%

round to the nearest 4 decimals

math 119 401 college math

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