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You are comparing two investment opportunities. The first investment offers a rate of 6.40% compounding bi-weekly. The second investment offers a rate of 6.43%

You are comparing two investment opportunities. The first investment offers a rate of 6.40% compounding bi-weekly. The second investment offers a rate of 6.43% compounding monthly. What is the effective annual rate for each investment? Select one: a. 6.60% and 6.62% b. 6.64% and 6.64% c. 6.58% and 6.56% d. 6.65% and 6.69% e. 6.57% and 6.59%

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