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The effective annual rate (EAR) for a loan with a stated APR of 6% compounded quarterly is closest to: O A. 6.14% O B. 7.36%

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The effective annual rate (EAR) for a loan with a stated APR of 6% compounded quarterly is closest to: O A. 6.14% O B. 7.36% O C. 7.98% OD. 6.75%

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