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A loan is offered with monthly payments and a 10.25 percent APR. What's the loan's effective annual rate (EAR)? (Do not round intermediate calculations and
A loan is offered with monthly payments and a 10.25 percent APR. What's the loan's effective annual rate (EAR)?(Do not round intermediate calculations and round your finalanswer to 2 decimal places.)
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Managerial Accounting
Authors: Wendy M. Tietz, Louis Beaubien, Karen W. Braun
3rd Canadian edition
