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Calculate the effective interest rate on a three-year investment of $10,000 if the successive interest rates for the three years are 4.0%, 4.5%, and 5.0%

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Calculate the effective interest rate on a three-year investment of $10,000 if the successive interest rates for the three years are 4.0%, 4.5%, and 5.0% compounded monthly, respectively. % Round to two decimal places

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