Score: 0 of 1 pt 2 of 7 (6 complete) P5-3 (similar to) EAR. What is the effective annual rate (EAR) of a mortgage that is advertised at 11.75% (APR) over the next twenty years and paid with quarterly payments? What is the effective annual rate (EAR) of the mortgage at 11.75% APR with quarterly payments? 12% (Round to two decimal places.) Enter your answer in the answer box and then click Check Answer All parts showing Clear All