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If the Wet Dog Surf Company borrows $17,000 at 8.00% and there are 2 compounding periods per year, calculate Wet Dog's Effective Annual Rate (APY)

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If the Wet Dog Surf Company borrows $17,000 at 8.00% and there are 2 compounding periods per year, calculate Wet Dog's Effective Annual Rate (APY) of interest. A B D E 1 2 Answer = 3

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