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Consider a $100 investment paying an EAR of 3.72%, what is the equivalent APR compunded monthly ? none of the above 3.48% 3.78% 3.66% 3.50%

Consider a $100 investment paying an EAR of 3.72%, what is the equivalent APR compunded monthly ?

none of the above

3.48%

3.78%

3.66%

3.50%

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