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Arab Bank offers interest rate of 0.3 on its CD to Mr. Ahmad, a bank client. The client initially invested $1,000 and agreed to have

Arab Bank offers interest rate of 0.3 on its CD to Mr. Ahmad, a bank client. The client initially invested $1,000 and agreed to have the interest compounded monthly for one full year. What is the effective interest rate?

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I want the answer as soon as possible thx

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