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5) If the EAR is known to be 16.08% on a debt that has quarterly payments, what is the APR? (While you can use the
5) If the EAR is known to be 16.08% on a debt that has quarterly payments, what is the APR? (While you can use the formula from the textbook, try solving it on the financial calculator using ICONV) Explain your work
5) If the EAR is known to be 16.08% on a debt that has quarterly payments, what is the APR? (While you can use the formula from the textbook, try solving it on the financial calculator using ICONV)
Explain your work
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