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P 5-1 (similar to) Question Help You are considering a car loan with a stated APR of 6.86% based on monthly compounding. What is the
P 5-1 (similar to) Question Help You are considering a car loan with a stated APR of 6.86% based on monthly compounding. What is the effective annual rate of this loan? %. (Round to two decimal places.) The effective annual rate is
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