Charter Bank pays a 10% nominal rate on deposits, with 3 compounding periods per year (For instance: If 4 compounding periods, this is quarterly compounding; If 12 compounding periods, this is monthly compounding; If 2 compounding periods, this is semi-annually compounding). What effective annual rate (EFF\%) does the bank pay? "*Round your answer to the nearest three decimals if needed. Do not type the \% symbol. Type your solution as a percentage and not as a decimal (i.e. 4.2 and not 0.042 )