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Question 11 (1 point) Bright Star Bank pays a nominal annual (quoted) interest rate of 14.61 percent, compounded quarterly on your savings account. Calculate the

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Question 11 (1 point) Bright Star Bank pays a nominal annual (quoted) interest rate of 14.61 percent, compounded quarterly on your savings account. Calculate the effective annual rate. or EAR (annual percentage yield). Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box) Your Answer: Answer units

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