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You are considering a car loan with a stated APR of 6.48% based on monthly compotirkiting. What is the effective armal rale of thits loari?

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You are considering a car loan with a stated APR of 6.48% based on monthly compotirkiting. What is the effective armal rale of thits loari? The offectiven anncal rate is (Round to two decimal places.) (Note. Be careful not to tound any intermediate steps tess than ste decinal places.)

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