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Question 14 (2 points) What is the effective annual rate for a savings account paying 12% compounded quarterly? 9 1) 8.2% 2) 17.0% 12 3)

Question 14 (2 points) What is the effective annual rate for a savings account paying 12% compounded quarterly? 9 1) 8.2% 2) 17.0% 12 3) 10.2% 15 4) 17.68

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