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1 A bank offers a loan that will requires you to pay 13% interest compounded monthly. Which of the following is closest to the EAR

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A bank offers a loan that will requires you to pay 13% interest compounded monthly. Which of the following is closest to the EAR charged by the bank? O A. 16.56% OB. 11.04% OC. 13.8% OD. 27.6%

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