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The Effective Annual Rate (EAR) for a loan with a stated APR of 8% compounded daily is closest to: (include 2 decimals in your answer,

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The Effective Annual Rate (EAR) for a loan with a stated APR of 8% compounded daily is closest to: (include 2 decimals in your answer, use a dot to separate decimals, do not include the % siymbol)

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