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What rate of interest compounded annually is the same as the rate of interest of 8% compounded quarterly ?
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What rate of interest compounded annually is the same as the rate of interest of 8% compounded quarterly ?
A. 8.07 %
B. 8.12 %
C. 8.16 %
D. 8.24 %
Correct Answer:
8.24 %
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Last Updated:
January 22, 2019