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correct answer Test: Quiz 8 An amount of 51000 00 earns $500:00 interest in four years, nine months What is the effective annual rate if

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Test: Quiz 8 An amount of 51000 00 earns $500:00 interest in four years, nine months What is the effective annual rate if interest compounds quarterly? The effective annual rate of interest as a percent is (Round the Inal answer to four deornal places as needed Round all intermediate values to six decimal places as needed )

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