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8)What is the EAR for a $100 loan when the interest is compounded daily and the stated annual interest rate is 6.00 percent? Multiple Choice

8)What is the EAR for a $100 loan when the interest is compounded daily and the stated annual interest rate is 6.00 percent? Multiple Choice 8.21 percent 6.18 percent 6.00 percent 7.52 percent 6.39 percent

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