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2. A bank offers a loan that will requires you to pay 7% interest compounded monthly. Which of the following is Closest to the EAR
2. A bank offers a loan that will requires you to pay 7% interest compounded monthly. Which of the following is Closest to the EAR Charged by the bank? A) 5.78% B) 8.68% C) 7.23% D) 14.46%
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