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What is the effective interest rate of 4% compounded quarterly? A. 4.06% B. 4.60% C. 4.76% D. 4.80% E. 4.16%
What is the effective interest rate of 4% compounded quarterly?
A.
4.06%
B.
4.60%
C.
4.76%
D.
4.80%
E.
4.16%
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