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mathxl.com/Student/PlayerTest.aspx?testld=227292527¢erwin=yes ECON 3410: Mathematical Economics I, $21, MW11 Tennesha Ravaro & | 05/19/21 12:27 an Quiz: Quiz 4: Ch.3.1, 3.2 Time Limit: 05:00:00 Submi This

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mathxl.com/Student/PlayerTest.aspx?testld=227292527¢erwin=yes ECON 3410: Mathematical Economics I, $21, MW11 Tennesha Ravaro & | 05/19/21 12:27 an Quiz: Quiz 4: Ch.3.1, 3.2 Time Limit: 05:00:00 Submi This Question: 1 pt 7 of 7 This Quiz: 7 pts p The State Employees' Credit Union offers a 1-year certificate of deposit with an APY (or effective rate) of 5.5%. If interest is compounded quarterly, find the actual S interest rate. Round to the nearest tenth of a percent. O A. 5.4% O B. 5.6% O C. 5.1% O D. 6.4%

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