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Question 25 2 points Scotiabank quotes you an interest rate of 5.6% with semi-annual compounding on deposits. How long is each compounding period expressed in
Question 25 2 points Scotiabank quotes you an interest rate of 5.6% with semi-annual compounding on deposits. How long is each compounding period expressed in months? Express the bank's quoted rate as an effective annual rate (give answer to 3 decimal places). If you decide to deposit $10,000 with the bank for a 9 month term, how much interest would be earned by the maturity date of the deposit? TT T Arial 3 (12pt) Words Path
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