Which of the following offers the highest effective annual rate? 8% compounded semiannually 8% compounded monthly 4% com

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answerhappygod
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Which of the following offers the highest effective annual rate? 8% compounded semiannually 8% compounded monthly 4% com

Post by answerhappygod »

Which of the following offers the highest effective annual
rate?
8% compounded semiannually
8% compounded monthly
4% compounded daily
4% compounded quarterly
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