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An effective annual interest rate of 20 % is equivalent to a stated annual interest rate of compounded 4 times per year. Select one: a.

An effective annual interest rate of 20 % is equivalent to a stated annual interest rate of compounded 4 times per year. Select one: a. 18% b. 17% c. 18.7% d. 19.2% e. 17.5%

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