What is the effective annual rate if the annual percentage rate is $8\%$ compounded quarterly? Enter your answer as a percentage rounded to two decimal places. Do not include the percentage sign in your answer.

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Correct response: $8\mathrm{.}24\backslash$pm $0\mathrm{.}01\%$

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Given the EAR of $8\mathrm{.}24\%,$ what is the future value of $$8,000$ invested at an annual percentage rate of $8\%$ compounded quarterly for $6$ years?

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