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What is the effective annual rate if the annual percentage rate is 10% compounded monthly? Enter your answer as a percentage rounded to two decimal

What is the effective annual rate if the annual percentage rate is 10% compounded monthly? Enter your answer as a percentage rounded to two decimal places. Do not include the percentage sign in your answer. Enter your answer below. Number % Click "Verify" to proceed to the next part of the question. Section Attempt 1 of 1 Verify
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What is the effective annual rate it the annual percentage rate is 10N compounded monthly? Enter your answer as a porcentage rounded to fwo decinal places. Oo not include the porcentage sign in your answer. Enter your antwer bolow. Click "Verity" to proceed to the noxt part of the question. Soction Anempt 1 of 1

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