You have an interest rate of 8.44% compounded quarterly. What is the equivalent effective annual interest rate?
A) 7.81%
B) 7.71%
C) 8.71%
D) 8.91%
E) 9.71%

Name: You have an interest rate of 8.44% compounded quarterly. What is the equivalent effective annual interest rate? A) 7.81% B) 7.71% C) 8.71% D) 8.91% E) 9.71%
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The Answer of You have an interest rate of 8.44% compounded quarterly. What is the equivalent effective annual interest rate?
A) 7.81%
B) 7.71%
C) 8.71%
D) 8.91%
E) 9.71%

You Have an Interest Rate of 8