What is the effective annual rate of interest

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Question - If $1108.00 accumulates to $1385.11 in two years, nine months compounded quarterly, what is the effective annual rate of interest?

Reference no: EM133136695

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What is the effective annual rate of interest : Question - If $1108.00 accumulates to $1385.11 in two years, nine months compounded quarterly, what is the effective annual rate of interest
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