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Given that an annual effective rate of interest = 6%, find its corresponding nominal rate of interest/year but compounded quarterly? O 5.30% O 5,90% O

Given that an annual effective rate of interest = 6%, find its corresponding nominal rate of interest/year but compounded quarterly? O 5.30% O 5,90% O 6.10% O 6.50% O 7.10% No correct answer Next >

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