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11. What is the APR if your bank wants to earn an EAR of 8.40% on the loans, compounding quarterly? ( format and round your
11. What is the APR if your bank wants to earn an EAR of 8.40% on the loans, compounding quarterly? ( format and round your answer to percent with two decimals, if your answer is .1234, please just enter 12.34, without %)
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