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An investment at 12 percent APR compounded monthly is equal to an effective annual rate of: 12.68 percent. 12.00 percent. 11.87 percent. 12.36 percent.

An investment at 12 percent APR compounded monthly is equal to an effective annual rate of:

12.68 percent.

12.00 percent.

11.87 percent.

12.36 percent.

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