Question: Given a 15% APR compounded every 2 years, what is the effective annual rate? (Note: retain at least four places of a decimal in your

Given a 15% APR compounded every 2 years, what is the

Given a 15% APR compounded every 2 years, what is the effective annual rate? (Note: retain at least four places of a decimal in your calculation) Select one 0 14.02% O 15.56% 0 3.68% This question is incorrect compounding has to be over a period less than a Year, such as Monthly, Quarterly, etc 0 7.50%

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