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Suppose community bank offers to lend you $10,000 for one year at a nominal rate of 13.25% but you must make interest payments at the

Suppose community bank offers to lend you $10,000 for one year at a nominal rate of 13.25% but you must make interest payments at the end of each quarter in the back of the $10,000 principal amount at the end of the year what is the effective annual rate on the loan?

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