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

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

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