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5 A car loan requiring quarterly payments carries an APR of 16.60%. What is the effective annual rate of interest (EAR)? 01:11:28 Multiple Choice 21.19%

5 A car loan requiring quarterly payments carries an APR of 16.60%. What is the effective annual rate of interest (EAR)? 01:11:28 Multiple Choice 21.19% O 20.31% 19.43% 17.66%

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