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If a bank decided to charge you 7.70% compounded monthly, what is the effective annual rate? Round the final answer to two decimal places. O

If a bank decided to charge you 7.70% compounded monthly, what is the effective annual rate? Round the final answer to two decimal places. O a. 0.64% O b. 7.70% O c. 7.93% O d. 7.98% â?¢ e. 10.70% Whi...

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