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Which of the following bank accounts has the highest effective annual return? An account that pays 9.00% nominal interest with annual compounding. An account that

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Which of the following bank accounts has the highest effective annual return? An account that pays 9.00% nominal interest with annual compounding. An account that pays 10.00% nominal interest with semi-annual compounding. An account that pays 11.05% nominal interest with quarterly compounding. An account that pays 11% nominal interest with monthly compounding

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