Question: Antonio borrows $ 4 , 8 6 6 from the bank for 6 years at an annual interest rate of 5 . 8 6 %

Antonio borrows $4,866 from the bank for 6 years at an annual interest rate of 5.86% compounded quarterly.
What was the effective interest rate? %
Round to two decimal places.
Antonio borrows $4,866 from the bank for 6 years at an

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