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What is the effective annual rate for an APR of 10.50 percent compounded quarterly? 11.02% 10.97% 10.47% 11.47% 10.92% Show work, PLEASE

What is the effective annual rate for an APR of 10.50 percent compounded quarterly?

11.02% 10.97% 10.47% 11.47% 10.92%

Show work, PLEASE

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