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Problem 5-59 Effective Interest Rate (L04) Find the effective annual interest rate for each case. (Do not round intermediate calculations. Enter your answers as a

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Problem 5-59 Effective Interest Rate (L04) Find the effective annual interest rate for each case. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) APR 6% 7% 12% Compounding Period 1 month 3 months 6 months Effective Annual Rate 61715 7 19% %

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