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If a bank pays interest rate quarterly and its annual percentage rate (APR) is 596, what is the effective annual rate? O A. 5.2396 B.

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If a bank pays interest rate quarterly and its annual percentage rate (APR) is 596, what is the effective annual rate? O A. 5.2396 B. 5.0996 O C. 4.0296 O D. 4.0496

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