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6. [-/2 Points] DETAILS WANEFMAC7 3.2.018. MY NOTES PRACTICE ANOTHER Find the effective annual interest rate r (as a percent) of the given nominal annual

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6. [-/2 Points] DETAILS WANEFMAC7 3.2.018. MY NOTES PRACTICE ANOTHER Find the effective annual interest rate r (as a percent) of the given nominal annual interest rate. Round your answer to the nearest 0.01%. 2% compounded monthly r = % Need Help? Read It Watch It

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