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You are buying a new car and plan to finance it for 4 years. Due to your credit score, the lender is offering you an

image text in transcribed You are buying a new car and plan to finance it for 4 years. Due to your credit score, the lender is offering you an 9.3% APR with monthly payments. What would be the EAR of this loan? Enter your answer as a percentage number, for example, for 10.33% enter 10.33 only. Round your answer to two decimals

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