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5 pts Question 6 Suppose your bank charges you an annual interest rate of 9% on your loan. If the interest is compounded quarterly. What

5 pts Question 6 Suppose your bank charges you an annual interest rate of 9% on your loan. If the interest is compounded quarterly. What is the effective annual rate (EAR) the bank is charging you on the loan? (Round your answer to 2 decimal points)

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