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2. If the account earns an interest rate of 24% compounded monthly, Find the effective rate of interest per? a. Compounded Daily (360 Days) Compounded

2. If the account earns an interest rate of 24% compounded monthly, Find the effective rate of interest per? a. Compounded Daily (360 Days) Compounded Quarterly b. Compounded Daily (365 Days) Compounded Semi-Annually c. Compounded Weekly Compounded Annually d. Compounded Monthly

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