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79 2. Which one of the following statements concerning interest rates is correct? A. The effective annual rate does not cqual the annual percentage rate
79 2. Which one of the following statements concerning interest rates is correct? A. The effective annual rate does not cqual the annual percentage rate when interest is compounded annually. B. Savers would prefer annual compounding over monthly compounding. C. The effective annual rate decreases as the number of compounding periods per year increases. D. Lender would prefer monthly compounding over annual compounding
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