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Scotia bank 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

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Scotia bank 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? TTTT Paragraph Arial 3 (12pt) E.E.T... %D09 TT 1 - - HTH CSS fx Mashup

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