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  3. a savings account pays a 3 nominal annual interest

A savings account pays a 3 nominal annual interest rate and has a balance of...

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Algebra

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A savings account pays a 3 nominal annual interest rate and has a balance of 1000 Any interest earned is deposited into the account and no further deposits or withdrawals are made If interest is compounded semi annually every six months what interest rate would be used for each calculation

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