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

You are offered a 20% APRIoan, 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? OA 21.55% O'B. 21.69% OC 21.74% OD. 21.94%

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