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Which of the following APRs compounded monthly is equivalent to an APR of 15.40% compounded quarterly using 360-day calendar years, 30-day months, and 3- month

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Which of the following APRs compounded monthly is equivalent to an APR of 15.40% compounded quarterly using 360-day calendar years, 30-day months, and 3- month quarters? 15.304% 15.697% 16.089% 16.482% 16.874%

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