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Find the effective annual interest rate of 4% compounded quarterly. 4.31% 0 4.25% 0 4.75% 4.06% O None of these Doubling the frequency of compounding

Find the effective annual interest rate of 4% compounded quarterly. 4.31% 0 4.25% 0 4.75% 4.06% O None of these Doubling the frequency of compounding in a compound interest investment will not double the amount of the interest. O True O False

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