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You invested $1,000 with a bank today at an annual rate of 12% for 5 years. For the first 3 years, the bank compounded interest

You invested $1,000 with a bank today at an annual rate of 12% for 5 years. For the first 3 years, the bank compounded interest annually and for the last two years interest was compounded monthly. What was your effective annual rate at the end of five years?

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