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Intro The quoted interest rate is 5.7% (APR with quarterly compounding). Attempt 3/5 for 8 pts. Part 1 What is the quarterly rate? 0.01725 Correct

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Intro The quoted interest rate is 5.7% (APR with quarterly compounding). Attempt 3/5 for 8 pts. Part 1 What is the quarterly rate? 0.01725 Correct APR 1, 0.057 4. 0.01425 4 18 Attempt 2/5 for 8 pts Part 2 What is the effective annual rate (EAR)? $+ decimals Submit

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