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

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 Effective Annual Rate 8% % 6 3 months % 10 6 months %

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