9.13. Which of the following rates would you prefer: 8.50 percent compounded annually, 8.33 percent compounded semiannually,

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9.13. Which of the following rates would you prefer:

8.50 percent compounded annually, 8.33 percent compounded semiannually, 8.25 percent compounded quarterly, or 8.16 percent compounded continuously? Why?

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