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Problem 5 - 5 2 Effective Interest Rate ( LO 4 ) If a bank pays 5 . 2 % interest with continuous compounding, what

Problem 5-52 Effective Interest Rate (LO4)
If a bank pays 5.2% interest with continuous compounding, what is the effective annual rate?
Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.
Effective annual rate
%
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