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Posted on Jul 29, 2024

The effective annual rate (EAR) for a loan with a stated APR of 5% compounded quarterly is closest to: a A. 5.6% B. 6.11% O

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The effective annual rate (EAR) for a loan with a stated APR of 5% compounded quarterly is closest to: a A. 5.6% B. 6.11% O C. 5.09% D. 6.62%

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