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What are the steps to answering this question?? thank you An effective annual rate (EAR) of 12.36% is equal to . Click the answer you

image text in transcribed What are the steps to answering this question?? thank you

An effective annual rate (EAR) of 12.36% is equal to . Click the answer you think is right. 12% compounded quarterly 12% compounded semiannually 12% compounded annually 12% compounded monthly Read about this Do you know the answer? I know it Think so Unsure No idea

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