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What is the per period interest rate

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Reference no: EM132947650

A bank account offers an interest rate of 8.88.8% APR with quarterly compounding.A)(

What is the per period interest rate?

The periodic interest rate is % per quarter of a year.

Round your answers to two decimal places)

B) How much would a deposit made today of into this bank account be worth after earning interest?

The future value of a investment after in the account is .

(Round your answer to the nearest cent)

Reference no: EM132947650

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