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What is the effective annual rate or EAR of 8% compounded monthly? a. 6.14% b. 8.38% c. 8.30% d. 6.47%
What is the effective annual rate or EAR of 8% compounded monthly?
a. 6.14%
b. 8.38%
c. 8.30%
d. 6.47%
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