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The APR is 15% and if the number of times compounded is Infinite, what is the effective rate? A.12.75% B.17.23% C.16.18% D.8.24%

The APR is 15% and if the number of times compounded is Infinite, what is the effective rate?

A.12.75%

B.17.23%

C.16.18%

D.8.24%

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