Question: Question 9 5 points Save Answer The nominal interest rate is 12% per year, but compounded quarterly. What is the effective annual rate? 12.551% 12.845%

Question 9 5 points Save Answer The nominal interest rate is

Question 9 5 points Save Answer The nominal interest rate is 12% per year, but compounded quarterly. What is the effective annual rate? 12.551% 12.845% a 12.943% 13.040% 12.000%

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