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An annual interest rate of 22% compounded quarterly, What is an effective annual rate? Select one: O a. 22.88% O 6.23.88% O c.24.88% O d.

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An annual interest rate of 22% compounded quarterly, What is an effective annual rate? Select one: O a. 22.88% O 6.23.88% O c.24.88% O d. 23%

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