Question: Find the effective annual interest rate for each case. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.)

Find the effective annual interest rate for each case. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.)

APR		Compounding Period	Effective Annual Rate
3	%	1 month		%
6	%	3 months		%
11	%	6 months		%

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