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A bank offers a loan that will requires you to pay 7% interest compounded semiannually. Which of the following is closest to the EAR charged

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A bank offers a loan that will requires you to pay 7% interest compounded semiannually. Which of the following is closest to the EAR charged by the bank? O A. 8.54% OB. 7.12% O C. 14.24% OD. 5.7%

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