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A bank pays 8.7% compounded semi-annually on certain types of deposits. If interest is compounded monthly, what nominal rate of interest will maintain the

A bank pays 8.7% compounded semi-annually on certain types of deposits. If interest is compounded monthly, 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 needed.)

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