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You are taking out a loan at a 9.7% apr, compounded monthly. What is your effective annual rate? Enter answer in percents, accurate to two

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You are taking out a loan at a 9.7% apr, compounded monthly. What is your effective annual rate? Enter answer in percents, accurate to two decimal places. You are taking out a loan at a 9.7% apr, compounded monthly. What is your effective annual rate? Enter answer in percents, accurate to two decimal places

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