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Calculating Interest Rate (EAR ) Find the effective annual interest rate for each case. (Do not round intermediate calculations. Round your answers to 2 decimal

Calculating Interest Rate (EAR )

Find the effective annual interest rate for each case. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

APR Compounding Period Effective Annual Rate
7.0 % 1 month %
6.0 % 3 months %
11.0 % 6 months %

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