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QUESTION 12 Find the effective annual interest rate of 11% compounded monthly. Round your answer to the nearest 0.01% O alor= 11.57% brer= 11.62% coff

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QUESTION 12 Find the effective annual interest rate of 11% compounded monthly. Round your answer to the nearest 0.01% O alor= 11.57% brer= 11.62% coff 132.00% d. = 1.12 O e 11.479

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