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A bank offers 4.00% on savings accounts. What is the effective annual rate of interest is compounded monthly? Unawered not submitted Answer format: Percentage Round

A bank offers 4.00% on savings accounts. What is the effective annual rate of interest is compounded monthly? Unawered not submitted Answer format: Percentage Round to 4 decimal places (Example: 9.2434% % sign required will accept decimal format rounded to 6 decimal places (ex: 0 092434) Attempts Remaining: Infinity

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