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Question 14 4 pts What is the effective annual rate if a bank charges you 8.48 percent compounded quarterly? 8.75 percent 9.02 percent 8.20 percent

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Question 14 4 pts What is the effective annual rate if a bank charges you 8.48 percent compounded quarterly? 8.75 percent 9.02 percent 8.20 percent 8.48 percent 9.46 percent

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