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The interest rate on loan would be an effective 3.5% per quarter, compounded monthly. What is the (a) APR (annual percentage rate), (b) APY (annual
The interest rate on loan would be an effective 3.5% per quarter, compounded monthly. What is the (a) APR (annual percentage rate), (b) APY (annual percentage yield)? 1.15% and 13.8% 1.15% and 14.7% 13.8% and 14.7% 13.8% and 1.15%
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