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What is the effective annual rate ) of 1 0 . 4 0 % compounded 2 6 times a year. Round answer to two decimal

What is the effective annual rate ) of 10.40% compounded 26 times a year. Round answer to two decimal places in percentage terms
(for example, enter 9.22% as 9.22, not 0.09 or 0.0922). Note that 2 times a year = semiannual, 4 times a year = quarterly, 12 times a year =
monthly, 26 times a year = bi-weekly, 52 times a year = weekly, and 365 times a year = daily.
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