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You want to invest $24,000 and are looking for safe Investment options. Your bank is offering you a certificate of deposit that pays a nominal

You want to invest $24,000 and are looking for safe Investment options. Your bank is offering you a certificate of deposit that pays a nominal rate of 6% that is compounded quarterly. What is the effective rate of return that you will eam from this investment? 6.319% 6.136% rial 6.042% 5.995%

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