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What is the Effective Annual Rate of an 80-day $10,000 CD quoted at 4.5% interest? Instructions: Include numbers only. No % symbols. Input answer
What is the Effective Annual Rate of an 80-day $10,000 CD quoted at 4.5% interest? Instructions: Include numbers only. No % symbols. Input answer as % value or decimals: ex. .0312 or 3.12%. If inputting as decimal, round out four decimal places (.0312), if inputting as % round out two decimal places (3.12%)
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