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(b) A bank CD that pays 7.05 percent compounded monthly. (Round answer to 2 decimal places, e.g. 15.25%.) Effective annual rate % Save for Later

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(b) A bank CD that pays 7.05 percent compounded monthly. (Round answer to 2 decimal places, e.g. 15.25%.) Effective annual rate % Save for Later Attempts: 0 of 2 used Submit

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