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What is the effective interest rate if Bank A pays 8 . 3 % interest compounded quarterly? % What is the effective interest rate, if

What is the effective interest rate if Bank A pays

8.3 %

interest compounded quarterly?

%

What is the effective interest rate, if Bank B pays

9 %

interest compounded semiannually?

%

Which bank pays more interest?

Bank A

Bank B

Pay the same

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