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Question 17 (TVM) (Marks: 2) A monthly compounded account earns a quoted rate (QR) of 29%. What is the effective rate of return semi-annually? Select

Question 17 (TVM) (Marks: 2) A monthly compounded account earns a quoted rate (QR) of 29%. What is the effective rate of return semi-annually? Select one: a. 2,14% b. 6.57% c. 7.43% d. 13.58% e. 14.50% f. 15,40% g. 29.08% h. 31.09% i. 33.18%

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