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1 help asap Borrow $125,000 at a stated rate of 10% (APR. Nominial) with daily compounding. What's the Effective Annual Rate (EAR, Real)? 9.51% 10.38%
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Borrow $125,000 at a stated rate of 10% (APR. Nominial) with daily compounding. What's the Effective Annual Rate (EAR, Real)? 9.51% 10.38% 9.78% 10.52% Step by Step Solution
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