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A rate of 2% per quarter corresponds to an annual effective interest rate of: a. 6.12% b. 8.24% c. No correct answer is provided. d.

A rate of 2% per quarter corresponds to an annual effective interest rate of:

a. 6.12%

b. 8.24%

c. No correct answer is provided.

d. 8.00%

e. 24%

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