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6.25% compounded monthly equals an effective annual rate of: O 6.55 percent O 6.45 percent O 6.43 percent O 6.35 percent O 6.25 percent

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6.25% compounded monthly equals an effective annual rate of: O 6.55 percent O 6.45 percent O 6.43 percent O 6.35 percent O 6.25 percent

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