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Suppose that interests are payable quarterly. Every 3 months,the account pays 2%. Whatis the nominal interest rate (APR)? What is the yearly effectiveinterest rate (APY)?Second

Suppose that interests are payable quarterly. Every 3 months,the account pays 2%. Whatis the nominal interest rate (APR)? What is the yearly effectiveinterest rate (APY)?Second questionâ?¢ Bondora 2 answers

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