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ession 3 Daisy deposited $8,000 into a bank for six months. At the end of that time she withdrew the money and received $6.250. If

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ession 3 Daisy deposited $8,000 into a bank for six months. At the end of that time she withdrew the money and received $6.250. If the bank paid interest on continuous compounding, what are the nominal and effective annual interest rates! ed out of Select one O a None are correct O b. 3.0505% and 3.1495% O c. 3.1512 and 3.2125 d. 3.1010and 3.1495 O e. 3.10108 and 3.2010 Next page

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