Question: I keep coming up with the incorrect answer after using the formula. please send me step by step. Thank you Question 2 (of 12) value:

I keep coming up with the incorrect answer after using the

I keep coming up with the incorrect answer after using the formula. please send me step by step. Thank you

Question 2 (of 12) value: 8.00 points Dril Problem 12 5 [LU 12-1 (3)] Principal: $17,800 Intere rate: 16% Compounded Quarterly Calculate the effective rate (APY) of interest for 1 year. (Use the Table provided.) (Do not round intermediate calculations. Round your final ans Effective rate References eBook & Resources Worksheet Drill Problem 12-5 [LU 12-1 (3)] Lu

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