[Solved] Find the effective annual rate (EAR) for

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Find the effective annual rate (EAR) for a 14.0% APR with monthly compounding. Express in percentage but do not include the % sign, and round

Find the effective annual rate (EAR) for a 14.0% APR with monthly compounding. Express in percentage but do not include the % sign, and round it to two decimal place, e.g., 9.45 (for .0945 or 9.45%)

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