Question: What is the quarterly compounded rate that is the same as an effective rate of 7.32%? Express your final answer in percentage format, rounded to

What is the quarterly compounded rate that is the same as

What is the quarterly compounded rate that is the same as an effective rate of 7.32\%? Express your final answer in percentage format, rounded to 2 decimal places (i.e. 34.56\%)

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