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Rank the following certificates of deposit from highest to lowest effective rates: A) 4 years at 18.03% compounding every other month B) 4 years at
Rank the following certificates of deposit from highest to lowest effective rates:
A) 4 years at 18.03% compounding every other month
B) 4 years at 18.10% compounding quarterly
C) 2 years at 18.00% compounding monthly
D) 2 years at 17.90% compounding twice a month
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