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If you took a bank loan with an advertised interest rate of 4% annually, the interest is compounded monthly. What is the effective annual interest

If you took a bank loan with an advertised interest rate of 4% annually, the interest is compounded monthly. What is the effective annual interest rate? Please provide the answer in percentages and keep two decimal places; for example: if the answer is 5.376%, please input 5.38 in the box.

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