Question: Find the effective annual interest rate for each case. (Do not round intermediate calculations. Round your answers to 2 decimal places.) APR Compounding Period Effective

Find the effective annual interest rate for each case. (Do not round intermediate calculations. Round your answers to 2 decimal places.) APR Compounding Period Effective Annual Rate 12.0 % 1 month % 16.0 % 3 months % 18.0 % 6 months %

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