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An 15% APR with monthly compounding is closest to which of the following? O A. an EAR of 19.3% OB. an EAR of 16.08% C.

An 15% APR with monthly compounding is closest to which of the following? O A. an EAR of 19.3% OB. an EAR of 16.08% C. an EAR of 32.16% D. an EAR of 12.86% o

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