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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

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 Compounding Period 1 month 3 months 6 months Effective Annual Rate % 6 % 7 % 10 % % %

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