Given an Annual Percentage Rate $($APR$)$ of $0\mathrm{.}041$ with quarterly compounding, the equivalent interest rate for effective annual rate is

$\%.$

Instruction: Round to three decimal places. E$.$g$.,$ if your answer is $0\mathrm{.}0106465$ or $1\mathrm{.}06465\%$ you should type ONLY the number $.011,$ neither $0\mathrm{.}0106465,0\mathrm{.}0$

answer.