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Question 2 $22,351.91 $20.660.63 $22,798.90 $21,904.92 What is the effective annual rate for an APR of 10.30 percent compounded quarterly? (Hint: EAR=(1+mAPR)m1) 11.24% 10.75% 10.80%

Question 2 $22,351.91 $20.660.63 $22,798.90 $21,904.92 What is the effective annual rate for an APR of 10.30 percent compounded quarterly? (Hint: EAR=(1+mAPR)m1) 11.24% 10.75% 10.80% 10.70% 10.26%

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