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Which one of the following has the highest effective annual rate? a) 6 percent compounded annually b) 6 percent compounded quarterly c) 6 percent compounded
Which one of the following has the highest effective annual rate?
a) 6 percent compounded annually
b) 6 percent compounded quarterly
c) 6 percent compounded daily
d) 6 percent compounded semiannually
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Financial Management
Authors: Geoffrey Knott
4th Edition
1403903824, 9781403903822
