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A bank account is paying interest at an effective annual rate of 10.6%. If there are 3 compounding periods per year, what is the annual

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A bank account is paying interest at an effective annual rate of 10.6%. If there are 3 compounding periods per year, what is the annual percentage rate? 9.99% O 10.72% 10.13% 10.98% O 10.21% 10.83% O 10.06% 10.25%

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