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Business, 04.09.2020 16:01 kekeke68

A bank is offering to sell 6-month certificates of deposit for $9,500. At the end of 6 months, the bank will pay $10,000 to the certificate owner. Based on a 6- month interest period, compute the nominal annual interest rate and the effective annual interest rate

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A bank is offering to sell 6-month certificates of deposit for $9,500. At the end of 6 months, the b...
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