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An interest rate of 12% per year, c.c. (comp. continuously), is closest to an effective: 3% per quarter 3.04% per quarter O 6% per 6

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An interest rate of 12% per year, c.c. (comp. continuously), is closest to an effective: 3% per quarter 3.04% per quarter O 6% per 6 month 4% per quarter

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