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An interest rate is quoted as 8% per annum with semi-annual compounding. What is the equivalent rate with annual compounding? 14.39% 14.65% 10.31% 10.57% 8.6096

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An interest rate is quoted as 8% per annum with semi-annual compounding. What is the equivalent rate with annual compounding? 14.39% 14.65% 10.31% 10.57% 8.6096 10.47% 8.16% 7.8796

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