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An investment will pay 11.72% APR with quarterly compounding. What is the effective rate of interest on the account? Answer format: Percentage Round to: 2

An investment will pay 11.72% APR with quarterly compounding. What is the effective rate of interest on the account?

Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))

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