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pur bank account pays an 8% APR with quarterly compounding. Which of the foliowing statements is correct? Multiple Choice The petiodic interest rate is 4%

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pur bank account pays an 8% APR with quarterly compounding. Which of the foliowing statements is correct? Multiple Choice The petiodic interest rate is 4% and the effective annual rate is less than 8% The periodic interest rate is 2k and the effective annual rate is grester than 8 h. The periodicinterest rote is as, and the effective anmial fale is atho 8w The periodicimerest rate is 2x and the effective annual rate is less than 8x. The periodic interest rate is Bx and the effective annual rate is grester than Bx

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