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A new sports coupe costs $41,750 and the finance office has quoted you an APR of 9.7 compounded monthly, for 36 months. What is the

A new sports coupe costs $41,750 and the finance office has quoted you an APR of 9.7 compounded monthly, for 36 months. What is the EAR? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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