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4. Nou invested in a bank's certificate of deposit with an annual pcrccntagc rate of 8% and where the interest is paid quarterly. What is

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4. Nou invested in a bank's certificate of deposit with an annual pcrccntagc rate of 8% and where the interest is paid quarterly. What is the effective annual ratc at which you will earn every year from your investment? a. 8% b. 8.24% c. 8.28% d. 8.30%

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