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Which of the following gives the smallest annual effective rate of interest? |(A) an annual effective rate of discount of 4% (B) an annual effective

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Which of the following gives the smallest annual effective rate of interest? |(A) an annual effective rate of discount of 4% (B) an annual effective rate of interest of 4% (C) a force of interest of 4% per year (D) a nominal annual rate of interest of 4%, convertible monthly (E) a nominal annual rate of interest of 4%, convertible quarterly

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