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Molly Hamilton deposited $70,000 at Bank of America at 20% interest compounded quarterly.What is the effective rate (APY)? (Use the Table provided.) (Do not round

Molly Hamilton deposited $70,000 at Bank of America at 20% interest compounded quarterly.What is the effective rate (APY)? (Use the Table provided.) (Do not round intermediate calculations. Round your answer to thenearest hundredth percent.)

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