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What is the EAR of an investment that pays an APR of 1 1 . 6 % with quarterly compounding? ( Your answer will be

What is the EAR of an investment that pays an APR of

11.6 %

with quarterly compounding?

(

Your answer will be a percentage. Enter your answer as a whole number with two decimals. E

.

.

if your answer is

12.345 %,

enter

12.34 .)

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