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EAR. What is the effective annual rate (EAR) of a mortgage that is advertised at 5.5% (APR) over the next twenty years and paid with

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EAR. What is the effective annual rate (EAR) of a mortgage that is advertised at 5.5% (APR) over the next twenty years and paid with semiannual payments? What is the effective annual rate (EAR) of the mortgage at 5,6% APR with semiannual payments? 10% (Round to two decimal places)

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