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What is the effective annual rate (EAR) of an 8 percent annual stated rate that is compounded quarterly? Group of answer choices None of these

What is the effective annual rate (EAR) of an 8 percent annual stated rate that is compounded quarterly?

\Group of answer choices None of these are correct. 8.2432% 8.1600% 8.3278% 8.3000%

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