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Intro Bank of America quotes a rate of 11.5% with monthly compounding for a consumer loan, while Wells Fargo quotes you 12% with annual compounding.

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Intro Bank of America quotes a rate of 11.5% with monthly compounding for a consumer loan, while Wells Fargo quotes you 12% with annual compounding. Part 1 | Attempt 1/5 for 2 pts. What is the EAR for Bank of America? 3+ decimals Submit

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