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Calculate the effective intrest rate if the nominal intrest reate for the deposit is 4% and the account is credited with the interest every 4

Calculate the effective intrest rate if the nominal intrest reate for the deposit is 4% and the account is credited with the interest every 4 months.

a.It is close to 4,06040%

b.It is close to 4,05357%

c.It is close to 3.94136%

d.It is close to 3.94782%

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