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If the APR is 10% and compounding is monthly, then the Effective Annual Rate is: Question options: 10.38% 9.57% 11.12% 10.47% 10.00%

If the APR is 10% and compounding is monthly, then the Effective Annual Rate is:

Question options:

10.38%

9.57%

11.12%

10.47%

10.00%

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