What is the effective two-year rate if a bank charges you 7.64% annually compounded quarterly (APR) ?

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What is the effective two-year rate if a bank charges you 7.64% annually compounded quarterly (APR) ? a. 7.98% b. 7.95% C. 7.86% d. 7.79% e. Different Number (write down the number):

Posted Date: May 25, 2024 05:05 PM

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What is the effective two-year rate if a bank charges you 7.64% annually compounded quarterly (APR) ?

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