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1. MC Qu. 14 Given a stated interest rate, which... Given a stated interest rate, which form of compounding will yield the highest effective rate

MC Qu. 14 Given a stated interest rate, which...

Given a stated interest rate, which form of compounding will yield the highest effective rate of interest?

a) annual compounding

b) monthly compounding

c) daily compounding

d) continuous compounding

e) semiannual compounding

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