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Intro Bank of America quotes a rate of 11.8% 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 11.8% with monthly compounding for a consumer loan, while Wells Fargo quotes you 12% with annual compounding. Part 1 Attempt 1/10 for 10 pts. What is the EAR for Bank of America? 4+ decimals Submit Part 2 | Attempt 1/10 for 10 pts. What is the EAR for Wells Fargo? 4+ decimals Submit Attempt 1/4 for 10 pts. Part 3 As a borrower, which loan should you take? O The loan from Wells Fargo O The loan from Bank of America

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