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You are offered a 20% APR loan, compounded monthly. The loan length is 8 years and the loan will be paid back in monthly installments

You are offered a 20% APR loan, compounded monthly. The loan length is 8 years and the loan will be paid back in monthly installments over those eight years What is the EAR of this loan? O A 21.94% OB 21.74% O c. 21.55% OD. 21.69%

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