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Question 5 4 pts You are considering depositing money in an account paying 9.6% compounded monthly. What is the effective annual rate (EAR)? a. 9.83%

Question 5 4 pts You are considering depositing money in an account paying 9.6% compounded monthly. What is the effective annual rate (EAR)? a. 9.83% b. 9.95% c. 10.03% d. 10.12% e, none of the above

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