Matrix If the stated rate of Interest is 12 % and it is compounded monthly, what is the effective annual interest rate? O 1246x 12.00% O 12.683 O 12.259% O 12.929 Question 2 What is the effective annual rate of 13.52 percent compounded continuously? 13.97% O 14.56% 13.52% 14.48% 14.23%

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