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Question 11 10 Points Suppose you take out a bank loan with a nominal interest rate of 5.25% paid monthly. What is the effective

Question 11 10 Points Suppose you take out a bank loan with a nominal interest rate of 5.25% paid monthly. What is the effective annual rate (EAR) on this loan? (A) 4.59% B) 5.00% 5.12% 5.38% E 5.64%

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