[Solved] Principal: $15,500 Principal: $15,500 Int

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Principal: $15,500 Principal: $15,500 Interest rate: 6% Compounded quarterly Calculate the effective rate (APY) of interest for 1 year. (Use the Table provided.)

Principal: $15,500 Principal: $15,500

Interest rate: 6%

Compounded quarterly

Calculate the effective rate (APY) of interest for 1 year. (Use the Table provided.)

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