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Suppose you are considering an account with a 12% APR, with monthly compounding. Which of the following statements is TRUE? Select all that apply. The

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Suppose you are considering an account with a 12% APR, with monthly compounding. Which of the following statements is TRUE? Select all that apply. The effective annual rate is greater than 12%. The periodic rate is 1%. The effective annnual rate is less than 12%. The periodic rate is 12%

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