Question: A Moving to another question will save this response. Question 3 What is the effective annual rate of a 6% simple interest loan compounded quarterly?

A Moving to another question will save this response. Question 3 What is the effective annual rate of a 6% simple interest loan compounded quarterly? A. 1.596 B. 696 C. 6.1496 D. 6.0996 A Moving to another question will save this response. DELL

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