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Assume the nominal interest rate is 5%. The effective interest rate will be highest if interest is compounded O semiannually. O monthly. O annually. O daily. O quarterly. What is the future value of a 4-year ordinary annuity with annual payments of $298, evaluated at a 11.3 percent interest rate? O $1,409.69 O $1,309.69 O $1,709.69 O $1,609.69 O $1,509.69