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You have recently been given an opportunity to lock-in a 1% monthly interest rate on a savings account. Which of the following options will yield
You have recently been given an opportunity to lock-in a 1% monthly interest rate on a savings account. Which of the following options will yield you the highest amount of interest on your 1% interest payments after 12 months?
A) Accumulate 1% a month as an annual percentage rate
B) Accumulate 1% a month as an annual percentage appreciation
C) Accumulate 1% a month as an annual percentage yield
D) Accumulate 1% a month as an annual percentage growth
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