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A 6.6% annual precentage rate with fortnightly compounding is closest to which of the following? a. Effective annual rate of 6.81% b. Effective annual rate

image text in transcribed A 6.6% annual precentage rate with fortnightly compounding is closest to which of the following? a. Effective annual rate of 6.81% b. Effective annual rate of 6.86% c. Effective annual rate of 6.82% d. None of the options e. Effective annual rate of 6.98% Clear my choice

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