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Suzy deposits $10,000 into a bank account that will earn 5% annual interest, compounded monthly. What will be Suzy's effective rate of interest earned? Cathy

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Suzy deposits $10,000 into a bank account that will earn 5% annual interest, compounded monthly. What will be Suzy's effective rate of interest earned? Cathy loaned Jeffrey $12,000 for a business venture. After 5 years, Jeffrey will repay Cathy with 12% interest, compounded quarterly. How much will Cathy receive at the end of 5 years

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