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Asked by Chyniquia Johnson on May 30, 2024

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Calculate the equivalent interest rate (to the nearest 0.01%) Calculate the equivalent interest rate (to the nearest 0.01%)

Nearest 0.01%

Rounding a number or percentage to the closest hundredth of a percent for precision.

  • Determine and grasp the corresponding interest rates for varying compounding intervals.
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Gurdeep SinghMay 31, 2024
Final Answer :
10.38% compounded annually

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