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You have $10,000 deposited in a savings account. The money has been earning an annual rate of 12% Interest, compounded quarterly. What is your effective

You have $10,000 deposited in a savings account. The money has been earning an annual rate of 12% Interest, compounded quarterly. What is your effective annual rate of interest? 13.30% 12.25 1165% 0 12.55% 12%

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