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Previous problem Problem 23 Intro Bank of America quotes a rate of 11.5% with monthly compounding for a consumer loan, while Wells Fargo quotes you

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Previous problem Problem 23 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. Attempt 1/10 for 10 pts. Part 1 What is the EAR for Bank of America? 3+ decimals Submit Show all parts

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