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What is the EAR if the APR is 15% and compounding is quarterly? Select one: O a. 15.87% O b. 9.31% O c. 14.22% O

What is the EAR if the APR is 15% and compounding is quarterly? Select one: O a. 15.87% O b. 9.31% O c. 14.22% O d. 7.19% O e. 13.6596

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