Question: A ( n ) 1 1 % APR with monthly compounding is closest to A . an EAR of 9 . 2 8 % B

A(n)11% APR with monthly compounding is closest to
A. an EAR of 9.28%
B. An EAR of 23.2%
C. an EAR of 13.92%
D. an EAR of 11.6%
A ( n ) 1 1 % APR with monthly compounding is

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