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please explain the work Question 3, P5-3 (similar to) Question Help EAR. What is the effective annual rate (EAR) of a mortgage that is advertised

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Question 3, P5-3 (similar to) Question Help EAR. What is the effective annual rate (EAR) of a mortgage that is advertised at 10.5% (APR) over the next twenty years and paid with quarterly payments? What is the effective annual rate (EAR) of the mortgage at 10.5 % APR with quarterly payments? % (Round to two decimal places.)

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