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Which of the following options has the highest effective annual rate? a) 7.63%compounded monthly b) 7.63%compounded semi-annually c) 7.63%compounded annually d)7.63%compounded quarterly

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

a) 7.63%compounded monthly

b) 7.63%compounded semi-annually

c) 7.63%compounded annually

d)7.63%compounded quarterly

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