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25-4 (similar to) B Question EAR. What is the effective annual rate (EAR) of a car loan that is advertised at 6% (APR) and paid

25-4 (similar to) B Question EAR. What is the effective annual rate (EAR) of a car loan that is advertised at 6% (APR) and paid with quarterly paymenst? The effective annual rate (EAR) of the car loan at 6% APR with quarterly payments is %. (Round to two decimal places.)

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