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4. If the annual interest rate is 10.25%, what is the monthly interest rate? Assume continuous interest accumulation a. 0.70% b. 0.82% c. 0.86% d.

4. If the annual interest rate is 10.25%, what is the monthly interest rate? Assume continuous interest accumulation

a. 0.70%

b. 0.82%

c. 0.86%

d. 0.79%

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