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Economics

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Suppose you deposit $5,000 in a bank which pays 10 percent interest compounded twice a year. The actual annual interest rate you receive is:

a- 10
b-11
c-10.25
d-12

  • Economics - ,

    thanks

  • Economics - ,

    how did u find it

  • Economics - ,

    i had almost the same problem :-))so that's why:D

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