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2. You are looking to purchase a scooter and are thinking of taking out a 2 year loan from a friend who is requiring 8%

2. You are looking to purchase a scooter and are thinking of taking out a 2 year loan from a friend who is requiring 8% interest every 6 months. Find the EAR for this loan. (Be careful with wording.)

5. (EAR/APR) is considered not to be a liar since it (does/ does not) consider compounding. <-- Is it EAR/Does?

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