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quoted interest rate is 8.5% (APR with quarterlycompounding).Attempt 1/5 for 10 pts.Part 1What is the quarterly rate?Attempt 1/5 for 10 pts.Part 2What is the effective

quoted interest rate is 8.5% (APR with quarterlycompounding).Attempt 1/5 for 10 pts.Part 1What is the quarterly rate?Attempt 1/5 for 10 pts.Part 2What is the effective annual rate (EAR)? 2 answers

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