Question: Ling has been able to save $ 4 0 0 at the end of each three months for five years into her savings account. The

Ling has been able to save $400 at the end of each three months for five years into her savings account. The interest rate is 9% compounded monthly. The equivalent rate per quarterly payment interval is:
2.25%
0.75%
2.91%
0.25%Y
Ling has been able to save $400 at the end of

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