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Bank of America quotes a rate of 11,7% with monthly compounding for a consumer loan, while Wells Fargo quotes you 12% with annual compounding. Part

Bank of America quotes a rate of 11,7% with monthly compounding for a consumer loan, while Wells Fargo quotes you 12% with annual compounding. Part 1 - 1 - Attempt 1/10 for 10 pts. What is the EAR for Bank of America

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