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Assume you make a deposit of 7,500 JD now into a saving account that pays 12% per year, compounded quarterly. If you want to know

Assume you make a deposit of 7,500 JD now into a saving account that pays 12% per year, compounded quarterly. If you want to know the total amount after 2 years, the value of interest rate (i) you should use in the F/P factor is:

Select one:

a. 24%

b. 12%

c. 3%

d. 4%

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