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An 12% APR with semiannually compounding is closest to which of the following? A. an EAR of 9.89% B. an EAR of 24.72% C. an

12%

APR with

semiannually

compounding is closest to which of the following?

A. an EAR of 9.89%

B. an EAR of 24.72%

C. an EAR of 12.36%

D. an EAR of 14.83%

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