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Time lett 1:55:53 First Century Bank reports 9.75 percent APR on its consumer loans. The bank uses monthly compounding on its loans. What is the

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Time lett 1:55:53 First Century Bank reports 9.75 percent APR on its consumer loans. The bank uses monthly compounding on its loans. What is the effective annual rate to potential borrowers? Select one: a 10.33 percent Ob 9.96 percent Oc9.88 percent O d. 10.20 percent e 9.75 percent Next page

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