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Here is the table https://ezt.prod.mheducation.com/Media/Connect_Production/bne/slater_14e/Futurevalue_decimal.htm Principal: $15,500 Interest rate: 6% Compounded quarterly Calculate the effective rate (APY) of interest for 1 year. (Use the Table

Here is the table https://ezt.prod.mheducation.com/Media/Connect_Production/bne/slater_14e/Futurevalue_decimal.htm

Principal: $15,500 Interest rate: 6% Compounded quarterly Calculate the effective rate (APY) of interest for 1 year. (Use the Table provided.) Note: Do not round intermediate calculations. Round your final answer to the nearest hundredth percent. Effective rate %

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