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EAR what is the effective annual rate EAR) of a mortgage that is advertised at 7.5% 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 7.5% APR over the next twenty years and paid with monthly payments What is the effective annual rate (EAR) of the mortgage at 7.5% APR with monthly payments? 1% (Round to two decimal places.)

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