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A loan that compounds interest monthly has an APR of 18 percent. What is the EAR? 18.12 percent 19.56 percent 19.89 percent 20.00 percent

A loan that compounds interest monthly has an APR of 18 percent. What is the EAR?

		18.12 percent
		19.56 percent
		19.89 percent
		20.00 percent

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