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When the annual effective interest rate is 10% and the number of years is 4, which of the following most closely approximates the ratio of

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When the annual effective interest rate is 10% and the number of years is 4, which of the following most closely approximates the ratio of 5 to n? A. B. 1.1 1.2 C. 1.3 D. 1.4 E. 1.5

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