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What is the effective annual rate of 6% compounded quarterly? A) 6.14% B) 5.37% C) 6.00% D) 7.50% E) 24.00%

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What is the effective annual rate of 6% compounded quarterly? A) 6.14% B) 5.37% C) 6.00% D) 7.50% E) 24.00%

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