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PLEASE SHOW WORKING!!! Question 3 (1 point) Your client saving account has a stated annual interest rate of 7.50 percent, compounded monthly. However, your client

PLEASE SHOW WORKING!!!

Question 3 (1 point)

Your client saving account has a stated annual interest rate of 7.50 percent, compounded monthly. However, your client wants to make payments quarterly, rather than monthly, all other factors remaining the same, what is the rate per payment period?

Round the final answer to three decimal places in percentage form. (Write the percentage sign in the "units" box)

Your Answer:

PLEASE SHOW WORKING!!!

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