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Flag question If the effective annual interest rate is 7%, what is the nominal annual rate if compounding is bi-monthly? O a. 7.21% O b.

Flag question If the effective annual interest rate is 7%, what is the nominal annual rate if compounding is bi-monthly? O a. 7.21% O b. 6.80% O c. 7.25% O d. 6.88% O e. 7.12% Question 5 Not vet answered

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