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GlivCo just borrowed $19,800. The terms of the loan require the company to make equal monthly payments forever. The first monthly payment is due in

GlivCo just borrowed $19,800. The terms of the loan require the company to make equal monthly payments forever. The first monthly payment is due in 1 month. If the regular monthly loan payment is $134.64, then what is the EAR of the loan? Answer as a rate in decimal form, rounded to 4 decimal places (for example, .1234 or .0987).

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