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What is the annual percentage rate for an EAR of 18.4 percent compounded monthly? a. 20.03% b. 18.4% c. 14.17% d. 17.01% e. 12.17%

What is the annual percentage rate for an EAR of 18.4 percent compounded monthly?

a. 20.03%

b. 18.4%

c. 14.17%

d. 17.01%

e. 12.17%

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