What rate of interest compounded annually is the same as the rate of interest of 8% compounded quarterly?

What rate of interest compounded annually is the same as the rate of

1.	What rate of interest compounded annually is the same as the rate of interest of 8% compounded quarterly?
A.	8.07 %
B.	8.12 %
C.	8.16 %
D.	8.24 %
Answer» E.

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What rate of interest compounded annually is the same as the rate of interest of 8% compounded quarterly?

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