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Brett deposited 500 on January 1, 2003 into account A that earns a nominal rate of i convertible quarterly. On January 1, 2010, he transferred

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Brett deposited 500 on January 1, 2003 into account A that earns a nominal rate of i convertible quarterly. On January 1, 2010, he transferred everything to account B that earns the nominal rate of convertible monthly. On January 1, 2012, the balance in the account is 800. If Brett deposited his money in account B on January 1, 2003, earning the nominal rate of j convertible monthly, the balance of the account on January 1, 2012 would have been 850. Calculate i 5.4% 5.1% 6.0% 5.2% 5.5%

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