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n What is the annual interest rate compounded monthly that is equivalent to 8% compounded quarterly ? A) 7.72% B) 7.95% C) 8.00% D) 8.24%

nWhat is the annual interest rate compounded monthly that is equivalent to 8% compounded quarterly?

A) 7.72%

B) 7.95%

C) 8.00%

D) 8.24%

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