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Homework: Section 10.1 Exercises Score: 0 of 1 pt 10.1.57 Calculate the effective rate for 9.8% interest compounded monthly. The effective rate is %. (Type

Homework: Section 10.1 Exercises Score: 0 of 1 pt 10.1.57 Calculate the effective rate for 9.8% interest compounded monthly. The effective rate is %. (Type an integer or a decimal rounded to the nearest hundredth as needed.)

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