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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%

"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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