Jessica's bank is offering her a loan with a stated rate of 4.90% interest. If the interest is compounded every two months, what will Jessica really pay for interest? a. 4.90% b. 5.00% c. 5.01% d. 4.96%
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Home » Mathematics » Jessica's bank is offering her a loan with a stated rate of 4.90% interest. If the interest is compounded every two months, what will Jessica really pay for interest? a. 4.90% b. 5.00% c. 5.01% d. 4.96%