Question: In exchange for a $ 1 0 , 0 0 0 deposit today, you will receive $ 5 0 0 every 3 months for 1

In exchange for a $10,000 deposit today, you will receive $500 every 3 months for 10 years. What effective annual rate will you earn if interest is compounded every 3 months.
In exchange for a $ 1 0 , 0 0 0 deposit today,

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