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EAR. What is the effective annual rate (EAR) of a car loan that is advertised at 9.25% (APR) and paid with quarterly paymenst? The effective

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EAR. What is the effective annual rate (EAR) of a car loan that is advertised at 9.25% (APR) and paid with quarterly paymenst? The effective annual rate (EAR) of the car loan at 9.25% APR with quarterly payments is %. (Round to two decimal places.)

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