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please show steps on how to solve it because i am getting wrong answer WebWork 1: Problem 5 Previous Problem Problem List Next Problem (1

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please show steps on how to solve it because i am getting wrong answer

WebWork 1: Problem 5 Previous Problem Problem List Next Problem (1 point) What nominal Interest rate compounded quarterly is equivalent to joo = 8%? Answer: 7.77 % Preview My Answers Submit Answers You have attempted this problem 1 time. Your overall recorded score is 0%. You have 2 attempts remaining

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