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| rev | Admin | (Created page with "A ten-year certificate of deposit pays an annual effective interest rate of 8%. If the balance is withdrawn before the end of ten years, the purchaser can choose between two different penalties: #a loss of the last nine months’ interest. #a reduction in the annual effective rate of interest to j. If the purchaser withdraws the funds after three years, the two penalties are equivalent. Calculate j <ul class="mw-excansopts"><li>5.74%</li><li>5.94%</li><li>6.14%</li><...") | Nov 18'23 at 0:56 | +533 |