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What is the effective rate

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Question - Marit Brunsell deposited $85,000 at Bank of America at 6% interest compounded quarterly. What is the effective rate (APY)?

Reference no: EM133154139

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What is the effective rate : Question - Marit Brunsell deposited $85,000 at Bank of America at 6% interest compounded quarterly. What is the effective rate (APY)
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