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The bank in the SUB just offered a 1 - year CD that promises an annual percentage rate ( APR ) of 1 0 .
The bank in the SUB just offered a year CD that promises an annual percentage rate APR of The compounding frequency is times a year. What is the equivalent, effective annual rate EAR on this year CD
Do NOT include the sign or any other text. Enter your answer as a percent and round your final answer to decimal places, eg
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