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What is the effective annual rate for an APR of 11.10 percent compounded quarterly? Multiple Choice 11.57% 11.10% 11.63% 11.68% 12.15%

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What is the effective annual rate for an APR of 11.10 percent compounded quarterly? Multiple Choice 11.57% 11.10% 11.63% 11.68% 12.15%

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