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Question 1 (1 point) If regular month-end deposits of $200 in a savings account amounted to $7727.62 after 3 years, what nominal rate compounded monthly

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Question 1 (1 point) If regular month-end deposits of $200 in a savings account amounted to $7727.62 after 3 years, what nominal rate compounded monthly was paid on the account? Calculate the effective rate of interest? (4 marks)

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