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please solve You borrow money for two years at 1.25 percent per month. How is the effective annual rate (EAR) computed? Click the answer you

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You borrow money for two years at 1.25 percent per month. How is the effective annual rate (EAR) computed? Click the answer you think is right. EAR (1+0.0125)2-1 EAR = (1 + 0.0125)24-1 EAR-[1+ (o.0125/12)]1 It (0.0125 12)12-1 EAR Read about this

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