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An investment offers an interest rate of 1.02% a month with monthly compounding. The EAR for this investment is a. 13.22% b. 11.54% C. 12.95%

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An investment offers an interest rate of 1.02% a month with monthly compounding. The EAR for this investment is a. 13.22% b. 11.54% C. 12.95% d. 12.00% e. 12.68%

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