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Posted on Aug 11, 2024

Which of the following has the highest effective annual interest rate? a. 8.10 percent compounded quarterly b. 8.30 percent compounded annually c. 8.30 percent compounded

Which of the following has the highest effective annual interest rate?

a. 8.10 percent compounded quarterly

b. 8.30 percent compounded annually

c. 8.30 percent compounded semiannually

d. 8.30 percent compounded monthely

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