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Find the effective annual interest rate (EAR) for each of the following: (a) 6.42 percent compounded quarterly. (Round answer to 2 decimal places, e.g. 15.25%.)

Find the effective annual interest rate (EAR) for each of the following: (a) 6.42 percent compounded quarterly. (Round answer to 2 decimal places, e.g. 15.25%.) Effective annual rate % eTextbook and Media. Save for Later Attempts: 0 of 3 used Submit

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