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A loan shark in Waterdown charges an interest rate of 4.5% per month on loans to its customers. The APR and EAR on these loaned
A loan shark in Waterdown charges an interest rate of 4.5% per month on loans to its customers. The APR and EAR on these loaned funds are __ and ___respectively. (round up to the nearest full number)
a
54%; 169%
b
65%; 88%
c
54%; 70%
d
4.5%; 54%
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