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14 Your company are offered a bank loan with an annual percentage ate (APR) of 9 percent with quarterly compounding. What is the effective annual

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14 Your company are offered a bank loan with an annual percentage ate (APR) of 9 percent with quarterly compounding. What is the effective annual rate (EAR) on this loan? (Answers are rounded to two decimals) O a) 9.00% O b) 2.25% 931% Od 41.16% Oe) 109.31 %

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