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A loan shark in Waterdown charges an interest rate of 5.4% per month on loans to its customers. The APR and EAR on these loaned

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A loan shark in Waterdown charges an interest rate of 5.4% per month on loans to its customers. The APR and EAR on these loaned funds are and respectively. (choose the nearest answer) a)65%, 88% b)54%, 70% c)54%, 169% d)5.4%, 69%

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