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Please help me answer this question An amount of $1300.00 earns $300.00 interest in five years, ten months. What is the effective annual rate if
Please help me answer this question
An amount of $1300.00 earns $300.00 interest in five years, ten months. What is the effective annual rate if interest compounds quarterly? The effective annual rate of interest as a percent is %. (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.)Step by Step Solution
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