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Given an Annual Percentage Rate (APR) of 8% with quarterly compounding, the equivalent interest rate for effective annual rate is %. A. 1.8% OB. 2.0%

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Given an Annual Percentage Rate (APR) of 8% with quarterly compounding, the equivalent interest rate for effective annual rate is %. A. 1.8% OB. 2.0% OC. 8.0% D.8.2%

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