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Principal = $100,000, to be repaid monthly over 3 years, quoted rate = 10% Compute the EAR for Semi-Annual rest basis (express in % and

Principal = $100,000, to be repaid monthly over 3 years, quoted rate = 10%

Compute the EAR for Semi-Annual rest basis (express in % and to the nearest 2 decimal places). Compute the EAR for Quarterly rest basis (express in % and to the nearest 2 decimal places).

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