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Which of the following statements is true? off a tax. A) If the compounding period is one year, stated annual interest is the same As
Which of the following statements is true? off a tax. A) If the compounding period is one year, stated annual interest is the same As effective annual interest. B) If the compounding period is less than one year, effective annual interest is greater than stated annual interest. C) If the compounding period is less than one year, stated annual interest Is greater than effective annual interest. D) Both a & b. E) Both a &
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