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Part 1 |Attempt 1/1 for 10 pts. Which one of the following has the highest effective annual rate? 6 percent compounded hourly 6 percent compounded

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Part 1 |Attempt 1/1 for 10 pts. Which one of the following has the highest effective annual rate? 6 percent compounded hourly 6 percent compounded continuously 6 percent compounded monthly All the answers have the same effective annual rate 6 percent compounded semiannually Submit

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