document.write( "Question 730128: ind the effective rate corresponding to the given nominal rate. (Assume a 365-day year. Round your answer to two decimal places.)
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Algebra.Com's Answer #853038 by ikleyn(53313) $\"\"$ $\"About$

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\n" ); document.write( "Find the effective rate corresponding to the given nominal rate.
\n" ); document.write( "(Assume a 365-day year. Round your answer to two decimal places.)
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document.write( "    The effective annual rate is   = 1.071225 - 1 = 0.071225.    ANSWER\r\n" );
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\n" ); document.write( "\n" ); document.write( "The number of days in the year is irrelevant in this problem.\r
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