ABC Ltd. reports that its sales are growing at the rate of 1.3% per month. DEF Inc. reports sales increasing by 4% each quarter. What is each company's effective annual rate of sales growth?

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The Answer of ABC Ltd. reports that its sales are growing at the rate of 1.3% per month. DEF Inc. reports sales increasing by 4% each quarter. What is each company's effective annual rate of sales growth?

ABC Ltd Reports That Its Sales Are Growing at the Rate