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An annual interest rate of 22% compounded quarterly. ?What is an effective annual rate :Select one a. 24.88% O b. 23% O C. 22.88% C

An annual interest rate of 22% compounded quarterly. ?What is an effective annual rate :Select one a. 24.88% O b. 23% O C. 22.88% C d. 23.88% C

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