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11) What is the effective rate of interest on a loan that charges you 8% compounded monthly? A. 8.48% B. 8.30% C. 8.00% D. 7.74%
11) What is the effective rate of interest on a loan that charges you 8% compounded monthly?
A. 8.48%
B. 8.30%
C. 8.00%
D. 7.74%
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