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An amount of $ 8 0 0 . 0 0 earns $ 4 0 0 . 0 0 interest in four years, six months. What
An amount of $ earns $ interest in four years, six months. What is the effective annual rate if interest compounds quarterly?
The effective annual rate of interest as a percent is
Round the final answer to four decimal places as newed. Round all intermediate values to six decimal places as needed.
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