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What nominal annual rate does hays national bank offer

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Question - Monthly vs. quarterly compounding - Western Bank offers a 12% nominal annual interest rate, compounded monthly on its savings accounts. Hays National Bank offers the same effective annual return as Western Bank, but interest on Hays National's savings accounts is compounded quarterly. What nominal annual rate does Hays National Bank offer on its savings accounts?

Reference no: EM133118691

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