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
15.5 % 1 month %
23.0 % 3 months %
23.5 % 6 months %

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