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Given a rate of 24% per year compounded monthly, determine the equivalent rate per year compounded quarterly. a) 24% b) 24.5% c) 25% d) 23.5%
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Given a rate of 24% per year compounded monthly, determine the equivalent rate per year compounded quarterly. a) 24% b) 24.5% c) 25% d) 23.5% e) 25.5%
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