Question: please solve it correctly and explain your ans. Incorrect Question 1 0 / 1 pts Determine the annual effective interest rate when the following conditions

please solve it correctly and explain your ans.

Incorrect Question 1 0 / 1 pts Determine the annual effective interest rate when the following conditions are given: (12) G2) ani 5 amni - 7.5 Round the answer to the nearest tenth percent. (Input 1.2 if the answer is 1.23%.) 10.5 Incorrect Question 1 0 / 1 pts Determine the annual effective interest rate when the following conditions are given: (12) G2) ani 5 amni - 7.5 Round the answer to the nearest tenth percent. (Input 1.2 if the answer is 1.23%.) 10.5

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