If a four-year interest bearing account yields an 8 percent, Finance Basics

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If a four-year interest bearing account yields an 8 percent

Question: If a four-year interest bearing account yields an 8 percent nominal annual rate of return that is compounded quarterly, what is the account's effective annual rate of return? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Finance Basics: If a four-year interest bearing account yields an 8 percent

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