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Shylock Bank offers a savings account with a nominal rate of 9% and quarterly compounding. What is the effective rate of the account? O A

Shylock Bank offers a savings account with a nominal rate of 9% and quarterly compounding. What is the effective rate of the account? O A 9.42% OB. 9.31% OC. 8 63% D. 9 20% O E. 9.00%

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