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Assume a bank offers an effective annual rate of 5.93%. If compounding is monthly what the APR? Sot Answer format: Percentage Round to decimal places

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Assume a bank offers an effective annual rate of 5.93%. If compounding is monthly what the APR? Sot Answer format: Percentage Round to decimal places Example: 9.2434% sign required accordecima format rounded to 6 decimal places 0.092434 not med Attempts Pemaining: Infinity

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