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You are looking to buy a car and you have been offered a loan with an APR of 5.8%, compounded monthly a. What is the

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You are looking to buy a car and you have been offered a loan with an APR of 5.8%, compounded monthly a. What is the true monthly rate of interest? b. What is the EAR? (Note: Be careful not to round any intermediate steps loss than six decimal places) a. What is the true monthly rate of interest? The monthly rate of interest is % (Round to four decimal places.) b. What is the EAR? The EARS(Round to four decimal places) Enter your answer in each of the answer box MacBook 39 30 F3 FE . FS ga 07 @ W* $ 4 % 5 & 7 1 2 6 8 Q W E R T Y U . S D F G H Z X C V B N

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