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Compubank, an online banking service, offered a money market account with an APT of 4.86% (a) If interest is compounded monthly, what is the equivalent

Compubank, an online banking service, offered a money market account with an APT of 4.86%

(a) If interest is compounded monthly, what is the equivalent annual nominal rate?

(b) If you wish to have 10,000 in this account after 4 years, what equal deposit should you make each month?

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