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Q3-55 Jill deposited $8,000 into a bank for 6 months. At the end of that time, she withdrew the money and received $8250. If the

Q3-55 Jill deposited $8,000 into a bank for 6 months. At the end of that time, she withdrew the money and received $8250. If the bank paid interest based on continuous compounding: a) What was the effective annual interest rate? b) What was the nominal annual interest rate

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