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What is the effective annual rate if a bank charges you 8.25 percent compounded quarterly? a. 8.42% b. 8.32% c. 8.51% d. 8.91%
What is the effective annual rate if a bank charges you 8.25 percent compounded quarterly?
a. 8.42%
b. 8.32%
c. 8.51%
d. 8.91%
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