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An online bank e-Money is offering a money market account with an APR of 11%. What is the effective annual interest rate offered by e-Money

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An online bank e-Money is offering a money market account with an APR of 11%. What is the effective annual interest rate offered by e-Money if the compounding interval is (a) annual % (b) quarterly % (c) daily? Assume that there are 365 days in a year. %

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