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What is the effective annual rate for an APR of 11.00 percent compounded quarterly? Multiple Choice O 11.57% O O 12.04% O 11.46% O 11.52%

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What is the effective annual rate for an APR of 11.00 percent compounded quarterly? Multiple Choice O 11.57% O O 12.04% O 11.46% O 11.52%

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