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A loan is offered with a 10.0% APR; Assuming semi-annual compounding, what is the loan's effective annual rate (EAR)? 10.25% 10.47% 10.38% 10.00% 10.34% 10.45%

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"A loan is offered with a 10.0% APR; Assuming semi-annual compounding, what is the loan's effective annual rate (EAR)?" 10.25% 10.47% 10.38% 10.00% 10.34% 10.45% Not Possible to Calculate with the Data Provided

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