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The effective annual rate (EAR) for a loan with a stated APR of 8% compounded monthly is closest to: O A. 8.00% OB. 8.66% O

The effective annual rate (EAR) for a loan with a stated APR of 8% compounded monthly is closest to: O A. 8.00% OB. 8.66% O c. 7.72% OD. 8.30% Click to select your answer. Completed Assignments (7) MacBook Air

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