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17 A financial instrument pays 9.20% APR with monthly compounding. What is the effective annual rate? A B E 8.08% 6.50% 8.95% 9.60% 7.02% 17

17 A financial instrument pays 9.20% APR with monthly compounding. What is the effective annual rate? A B E 8.08% 6.50% 8.95% 9.60% 7.02%

17 A financial instrument pays 9.20% APR with monthly compounding. What is the effective annual rate? 8.08% B 6.50% 8.95% (D) 9.60% 7.02%

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