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PLEASE ANSWER IT!!!!! On its savings accounts, the First National Bank offers a 16 percent nominal interest rate that is compounded monthly. Savings accounts at
PLEASE ANSWER IT!!!!! On its savings accounts, the First National Bank offers a 16 percent nominal interest rate that is compounded monthly. Savings accounts at the Second National Bank have the same effective annual return, but interest is compounded semiannually. What nominal rate does the Second National Bank offer on its savings accounts?
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