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Which of the following APRs compounded monthly is equivalent to an APR of 12.90% compounded quarterly using 360-day calendar years, 30-day months, and 3-month quarters?
Which of the following APRs compounded monthly is equivalent to an APR of 12.90% compounded quarterly using 360-day calendar years, 30-day months, and 3-month quarters?
Question 11 options:
| 12.452% |
| 12.780% |
| 13.108% |
| 13.436% |
| 13.763% |
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