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You are considering depositing money in an account paying 9.6% compounded monthly. What is the effective annual rate (EAR)? O a. 9.83% O b. 9.95%

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You are considering depositing money in an account paying 9.6% compounded monthly. What is the effective annual rate (EAR)? O a. 9.83% O b. 9.95% O c. 10.03% O d. 10.12% e. none of the above Question 6 4 pts You have $200,000 in a retirement account. Your goal is to have $1.8 million when you retire in 15 years. You will make additional monthly deposits into the account

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