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  • 26-03-2024
  • Business
contestada

*2. (W) e-Money rates. An internet company, e-Money, is offering a money market
account with an A.P.R. of 4.75%. What is the effective annual interest rate offered by
e-Money if the compounding interval is
(a) annual
(b) monthly
(c) weekly
(d) continuously

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