Question: If Like A Lot Corp. borrows yen at a nominal annual interest rate of 3.343.34% and during the year the yen appreciates by 10.62 %10.62%,

If Like A Lot Corp. borrows yen at a nominal annual interest rate of

3.343.34%

and during the year the yen appreciates by

10.62 %10.62%,

what will the effective annual interest rate be for the loan?

The effective annual interest rate,

E,

is

nothing%.

(Round to two decimal places.)

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