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 1 month 3 months 6 months Effective Annual Rate % 12% 5 % 9 % % %

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