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Posted on Sep 05, 2024

The effective annual rate (EAR) for a loan with a stated APR of 8% compounded quarterly is closest to: A. 8.24% B. 9.89% C. 10.72%

The effective annual rate (EAR) for a loan with a stated APR of 8% compounded quarterly is closest to: A. 8.24% B. 9.89% C. 10.72% D. 9.07%

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