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MC Questions (Chapter 9-12) -- K < OA. 7.81% OB. 8.71% OC. 7.71% OD: 9,71% OE. 8.91% Question 18 of 20 This test: 20 point(s)

MC Questions (Chapter 9-12) -- K < OA. 7.81% OB. 8.71% OC. 7.71% OD: 9,71% OE. 8.91% Question 18 of 20 This test: 20 point(s) possib This question: 1 point(s) pos You have an interest rate of 8.44% compounded quarterly. What is the equivalent effective annual interest rate? Round to two decimal places

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