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An investment of $150,000 pays 12.5% annual interest (APR). compounded quarterly. What is the Effective Annual Rate (APR)? Multiple Choice 13.10% O 12.89% O 12.00%

An investment of $150,000 pays 12.5% annual interest (APR). compounded quarterly. What is the Effective Annual Rate (APR)? Multiple Choice 13.10% O 12.89% O 12.00% 6.14%

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