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You are taking a loan for 10 years. Which of the following payment options gives you the highest effective annual rate? b. c. d. e,

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You are taking a loan for 10 years. Which of the following payment options gives you the highest effective annual rate? b. c. d. e, 9.3% with monthly payments 9.3% with semi-annual payments 9.3% with annual compounding 9.3% with weekly payments 9.3% with continuous compounding

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