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Posted on Jul 19, 2024

The effective annual rate (EAR) for a loan with a stated APR of 11% compounded quarterly is closest to ________. A) 12.61% B) 13.75% C)

The effective annual rate (EAR) for a loan with a stated APR of 11% compounded quarterly is closest to ________.

A) 12.61%

B) 13.75%

C) 11.46%

D) 14.90%

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