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A loan has an APR of 6.5 percent and an EAR of 6.5 percent. Given this, the loan must: 1) charge interest annually. 2) must

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A loan has an APR of 6.5 percent and an EAR of 6.5 percent. Given this, the loan must: 1) charge interest annually. 2) must be an interest-only loan. 3) have a one-year term. 4) require the accrued interest be paid in full with each monthly payment. 5) have a zero percent interest rate. D View hint for Question 9 Download Print Activity Details

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