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Find the effective annual rate if Bank of America decided to charge you 8.09% compounded quarterly. a. 8.09% b. 8.34% c. 8.77% d. 8.88% e.
Find the effective annual rate if Bank of America decided to charge you 8.09% compounded quarterly.
| a. | 8.09% | |
| b. | 8.34% | |
| c. | 8.77% | |
| d. | 8.88% | |
| e. | 9.76% |
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes
10th Edition
0073530697, 9780073530697
