Question: Can someone do this question? Question 2 (1 point) Suppose an interest rate is quoted as an APR of 5.87% compounded quarterly. What is the

Can someone do this question?

Can someone do this question? Question 2 (1 point) Suppose an interest

Question 2 (1 point) Suppose an interest rate is quoted as an APR of 5.87% compounded quarterly. What is the effective annual rate? (Report your answer as a percentage with 2 decimal places, but without the % symbol. For example, if your answer is 3.23%, enter 3.23.) Your

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