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f the bank advertises 10.21% accounts that yield 9.84% annually. Find how often is the interest compounded?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 4QTD

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If the bank advertises 10.21% accounts that yield 9.84% annually. Find how often is the interest compounded?

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