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Question 14 Charter Bank pays a 4.30% nominal rate on deposits, with monthly compounding. What effective annual rate (EFF%) does the bank pas a. 5.04%

Question 14 Charter Bank pays a 4.30% nominal rate on deposits, with monthly compounding. What effective annual rate (EFF%) does the bank pas a. 5.04% b.5.09% c. 5.44% d. 4.74% e. 4.39%

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