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3.5 points An amount of cash is deposited for eight years at an annual interest rate of 8%. If compounding occurs quarterly, then the factor

3.5 points An amount of cash is deposited for eight years at an annual interest rate of 8%. If compounding occurs quarterly, then the factor table value should be found at what interest rate per compounding period and for how many compounding periods? O a. 2% for eight periods. O b.8% for eight periods. O c. 2% for 32 periods. O d. 8% for 32 periods. Save

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