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Given interest rate r= 16% per year, compounded monthly, the Effective rate per Compounding period is equal to: 2.666% 1.333% 0.043% 16.000%

Given interest rate r= 16% per year, compounded monthly, the Effective rate per Compounding period is equal to:

2.666%

1.333%

0.043%

16.000%

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