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What is the effective annual rate of a. an investment that provides a 1.5% return quarterly. b, an investment that provides a 2.3% return semi-annually.

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What is the effective annual rate of a. an investment that provides a 1.5% return quarterly. b, an investment that provides a 2.3% return semi-annually. C. a 10-year investment that provides a 20% total return. d, a 15-year monthly payment loan with annual percentage rate of 15%. e, a 5-year quarterly payment loan with annual percentage rate of 18%

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