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2.50 points Problem 5-15 Effective Annual Rate (LG7) A loan is offered with monthly payments and a 11 25 percent APR What's the loan's effective

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2.50 points Problem 5-15 Effective Annual Rate (LG7) A loan is offered with monthly payments and a 11 25 percent APR What's the loan's effective annual rate (EAR)? (Do not round intermediate calculations and round your final answer to 2 decimal places.) References eBook & Resources Worksheet 5-15 Effective Annual Rate (LG7) Check my work

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