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A car loan requiring quarterly payments carries an APR of 14.90%. What is the effective annual rate of interest (EAR)? Multiple Choice O 18.12% 18.90%

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A car loan requiring quarterly payments carries an APR of 14.90%. What is the effective annual rate of interest (EAR)? Multiple Choice O 18.12% 18.90% 15.75% 17.33%

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