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b X 1 A. A certain bank will pay 8 percent compounded quarterly on long-term deposits. What is the nominal rate and what is the
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X 1 A. A certain bank will pay 8 percent compounded quarterly on long-term deposits. What is the nominal rate and what is the periodic rate for this offer? Nominal -2%; Periodic - 8% Nominal -8%; Periodic - 2% Nominal - 8%; Periodic - 8.24% Nominal = 2%; Periodic = 8.24% D Step by Step Solution
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