Question: (1 point) This problem produced an error for one student. A bank offers you the following 3 options: 1. j4 = 16.5% 2. j12 =

(1 point) This problem produced an error for one student. A

(1 point) This problem produced an error for one student. A bank offers you the following 3 options: 1. j4 = 16.5% 2. j12 = 16.15% 3. j52 = 16% What is the highest annual effective rate of the 3 options? Answer: %

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