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Mathematics, 19.09.2019 06:00 amberpublow7

What is the effective annual interest rate on a savings account that earns interest at a rate of 1.55% compounded monthly?
a.) 1.29%
b.) 1.55%
c.) 1.56%
d.) 1.59%

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What is the effective annual interest rate on a savings account that earns interest at a rate of 1.5...
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