Question: Need help with this practice question. Thank you in advanced! Question 35 what is the effective annual rate of interest when the APR is 12%

Need help with this practice question. Thank you in advanced!

Question 35 what is the effective annual rate of interest when the APR is 12% and interest compounds monthly? Not yet saved Marked out of 1.00 Select one: 12.68% P Flag question 12.12% 13.06% 12.00%

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