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Bank of America quotes a rate of 11.8% with monthly compounding for a consumer loan, while Wells Fargo quotes you 12% with annual compounding. |

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Bank of America quotes a rate of 11.8% with monthly compounding for a consumer loan, while Wells Fargo quotes you 12% with annual compounding. | Attempt 1/5 for 10 pts. Part 1 What is the EAR for Bank of America? 3+ decimals Submit Attempt 1/5 for 10 pts. Part 2 What is the EAR for Wells Fargo? 3+ decimals

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