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You are looking at a one-year loan of $17,000. The interest rate on a one-year loan is quoted as 11.5 percent plus three points. What

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You are looking at a one-year loan of $17,000. The interest rate on a one-year loan is quoted as 11.5 percent plus three points. What is the EAR? (Round your answer to 2 decimal places. (e.g., 32.16)) Effective annual rate % Is your answer affected by the loan amount? O Affected Not affected

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