e the effective rate for 7.3% interest compounded ma ctive rate is %. minteger or a decimal rounded to the nearest hundred

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Calculate the effective rate for 7.3% interest compounded monthly.
The effective rate is%.
(Type an integer or a decimal rounded to the nearest hundredth as needed.)
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Transcribed Image Text:← Calculate the effective rate for 7.3% interest compounded monthly. The effective rate is%. (Type an integer or a decimal rounded to the nearest hundredth as needed.) ...
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