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Posted on Jul 29, 2024

If the nominal rate is 12%, what is the effective annual interest rate if there is quarterly compounding? a. 11.26% b. 12.04% c. 13.78% d.

If the nominal rate is 12%, what is the effective annual interest rate if there is quarterly compounding?

	a.	11.26%
	b.	12.04%
	c.	13.78%
	d.	12.55%

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