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Question 5 5 pts What is the annual interest rate equivalent to 5% interest compounded quarterly? Choose the formula that best represents this scenario. [(1

Question 5 5 pts What is the annual interest rate equivalent to 5% interest compounded quarterly? Choose the formula that best represents this scenario. [(1 +.05)* - 1] - 100% 100(1+5)* 100..05.4 .05 100%

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