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An APR of 20% under monthly compounding gives an EAR of Note: Show your answer in units of percents, use plain numbers with at least

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An APR of 20% under monthly compounding gives an EAR of Note: Show your answer in units of percents, use plain numbers with at least two digits after the decimal (e.g., for 12.34%, type 12.34). Question 4 10 pts The interest rate is best interpreted as the price of current consumption savings accounts checking accounts WIONCM

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