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Effective Annual Rate A loan is offered with monthly payments and a 11 percent APR. What's the loan's effective annual rate (EAR)? Multiple Choice 10.57%

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Effective Annual Rate A loan is offered with monthly payments and a 11 percent APR. What's the loan's effective annual rate (EAR)? Multiple Choice 10.57% 17.50% 11.57% 1215%

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