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The Needy Corporation borrowed from Bank Ease. According to the terms of the loan, Needy must pay the bank in interest every three months for

The Needy Corporation borrowed from Bank Ease. According to the terms of the loan, Needy must pay the bank in interest every three months for the three-year life of the loan, with the principal to be repaid at the maturity of the loan. What effective annual rate (EAR) is Needy paying? Question content area bottom Part 1 The EAR Needy is paying is enter your response here%. (Round to one decimal place.)

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