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One thousand dollars, deposited into an account that pays interest monthly, is allowed to remain in the account for 3 years. The balance at the

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One thousand dollars, deposited into an account that pays interest monthly, is allowed to remain in the account for 3 years. The balance at the end of the 3 years is $1309.00. The nominal interest paid on this account is nearest to a, % b.9% ?. 938% d. 10.3%

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