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Find the effective bi-weekly (every two weeks) rate for an account that pays 8% APR compounded bi-monthly (every two months). Question 4 options: .003061 .003317

Find the effective bi-weekly (every two weeks) rate for an account that pays 8% APR compounded bi-monthly (every two months). Question 4 options:

.003061

.003317

.03061

.003077

.03317

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