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For a nominal interest of 8% per year, compounded quarterly. What is the effective annual interest rate. O 8.24% O 7.94 % O 8.34% O

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For a nominal interest of 8% per year, compounded quarterly. What is the effective annual interest rate. O 8.24% O 7.94 % O 8.34% O 8.14% Question2 10 pts For a nominal interest rate of 8% per year, compounded Monthly. What is the effective annual interest rate: O 8.30% O 8.22% O 8.10% O 8.45% Question3 10 pts For a nominal interest rate of 8% per year, compounded yearly. What is the effective annual interest rate: O 8.30% O 8.20% O 8.00% O 8.10%

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