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Question 16 (3.5 points) Saved You are offered an investment with a quoted annual interest rate of 12% with quarterly compounding of interest. What is

Question 16 (3.5 points) Saved You are offered an investment with a quoted annual interest rate of 12% with quarterly compounding of interest. What is your effective annual interest rate? 12.55% 12.32% 11.69% 12.97% 12.00%

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