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Suppose you are considering an account with a 24% APR, with quarterly 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 24% APR, with quarterly compounding. Which of the following statements is TRUE? Select all that apply. The effective annnual rate is less than 24%. The effective annual rate is greater than 24%. The periodic rate is 4%. The periodic rate is 6%

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