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You deposit $10,000 into a savings account that will pay you 11% per annum compounded quarterly. How much will you have after one year. and

You deposit $10,000 into a savings account that will pay you 11% per annum compounded quarterly. How much will you have after one year. and what is the effective annual rate? If you were told the effective rate was 11%, what would be the nominal rate?

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