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Find the effective annual rate for an investment that makes 11 equal annual payments of $4,602 and has an APR of 10.72% if interest is

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Find the effective annual rate for an investment that makes 11 equal annual payments of $4,602 and has an APR of 10.72% if interest is compounded monthly. Answer Format: ENTER YOUR ANSWER AS A POSITIVE NUMBER INCLUDE ONLY NUMBERS AND DECIMALS IN YOUR ANSWER. Do not include "$" or any other formatting. Carry computation to at least 4 decimals and round your final answer to 2 decimal places. ######.##

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