Find the effective interest rate given an annual rate of 8% and a compounding frequency of 8.Round your answer to two decimal places.
A)8.31%
B)8.24%
C)8.27%
D)8.29%
E)8.34%

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The Answer of Find the effective interest rate given an annual rate of 8% and a compounding frequency of 8.Round your answer to two decimal places.
A)8.31%
B)8.24%
C)8.27%
D)8.29%
E)8.34%

Find the Effective Interest Rate Given an Annual Rate of 8