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22) A bank offers an account with an APR of 6% and an EAR of 6.09%. How does the bank compound interest for this account?

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22) A bank offers an account with an APR of 6% and an EAR of 6.09%. How does the bank compound interest for this account? A) weekly compounding B) monthly compounding C) semi-annual compounding D) annual compounding E) daily compounding

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