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7 Find the effective annual interest rate for each case. (Do not round intermediate calculations. Round your answers to 2 decimal places.) APR Effective Annual

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7 Find the effective annual interest rate for each case. (Do not round intermediate calculations. Round your answers to 2 decimal places.) APR Effective Annual Rate 8 02:05:52 15.5% 24.0% 8.5% Compounding Period 1 month 3 months 6 months % % %

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