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Calculate the effective annual rate for each. 8.5 percent compounded annually. % 8.5 percent compounded semiannually. 8.5 percent compounded quarterly. 8.5 percent compounded monthly

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Calculate the effective annual rate for each. 8.5 percent compounded annually. % 8.5 percent compounded semiannually. 8.5 percent compounded quarterly. 8.5 percent compounded monthly

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