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k ces Summary Practice Test 12-5 (Static) [LU 12-1 (2, 3)] Minnie Rose deposited $16,000 in Street Bank at 6% interest compounded quarterly. What was

k ces Summary Practice Test 12-5 (Static) [LU 12-1 (2, 3)] Minnie Rose deposited $16,000 in Street Bank at 6% interest compounded quarterly. What was the effective rate (APY)? (Use the Table 12.1.) Note: Round your answer to the nearest hundredth percent. Effective rate (APY) %

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