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What is the primary benefit of the Effective Annual Rate? Choose the best answer. O Allows you to compare interest rates of investments with different

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What is the primary benefit of the Effective Annual Rate? Choose the best answer. O Allows you to compare interest rates of investments with different compounding periods. Allows you to compare loans and credit cards O Allows you to understand the impact of simple interest. O None of the above. 0.5 pts

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