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Posted on Sep 08, 2024

The effective annual rate (EAR) for a loan with a stated APR of 11% compounded monthly is closest to: A. 15.04% B. 12.73% C. 13.89%

The effective annual rate (EAR) for a loan with a stated APR of 11% compounded monthly is closest to: A. 15.04% B. 12.73% C. 13.89% D. 11.57%

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