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5-52 Effective Interest Rate (LO4) If a bank pays 6.3% interest with continuous compounding, what is the effective annual rate? Note: Do not round intermediate

5-52 Effective Interest Rate (LO4) If a bank pays 6.3% interest with continuous compounding, what is the effective annual rate? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places

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