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What is the effective annual rate (EAR) of 12% compounded monthly? (Enter your answers as a decimal rounded to 4 decimal places, not a percentage.

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What is the effective annual rate (EAR) of 12% compounded monthly? (Enter your answers as a decimal rounded to 4 decimal places, not a percentage. For example, enter 0.0843 instead of 8.43% ) Your

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