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EAR. What is the effective annual rate (EAR) of a mortgage that is advertised at 11.25% (APR) over the next fwenty years and paid with

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EAR. What is the effective annual rate (EAR) of a mortgage that is advertised at 11.25% (APR) over the next fwenty years and paid with quarterly payments? What is the efeective annual rate (EAR) of the mortgage at 11.25% APR with quarterly payments? (Round to two decimal places.)

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