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If the Effective Annual Rate (EAR) is known to be 17.23% on a debt that has monthly payments. What is the annual percentage rate? A)

If the Effective Annual Rate (EAR) is known to be 17.23% on a debt that has monthly payments. What is the annual percentage rate?

A) 26.77% B) 16% C) 17.23% D) 18.66%

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