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Question 1 10 pts An APR of 16% under monthly compounding gives an EAR of Note: Show your answer in units of percents, use plain

Question 1 10 pts An APR of 16% under monthly compounding gives an EAR of Note: Show your answer in units of percents, use plain numbers with at least two digits after the decimal (e.g., for 12.34%. type 12.34)

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