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Mr. Swift has an account that pays 5 percent interest on balances up to $600 and 6 percent interest for balances above $600. This account

Mr. Swift has an account that pays 5 percent interest on balances up to $600 and 6 percent interest for balances above $600. This account is known as a _____________ account. A. stepped-rate. B. tiered-rate. C. variable-rate

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