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Jill deposited $8000 into a bank for 6 months. At the end of that time, she withdrew the money and received $8250. If the bank

Jill deposited $8000 into a bank for 6 months. At the end of that time, she withdrew the money and received $8250. If the bank paid interest based on continuous compounding:

a) What was the effective annual interest rate?

b) What was the nominal annual interest rate?

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