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EAR You want to buy a car, and a local bank will lend you $25,000. The loan will be fully amortized over 6 years (72

EAR You want to buy a car, and a local bank will lend you $25,000. The loan will be fully amortized over 6 years (72 months), and the nominal interest rate will be 24% with interest paid monthly. What will be the loan's EAR? Round to TWO decimal places.

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