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You are shopping around for a workstation for your Masters thesis. You surf the web and found an online seller who is willing to sell

You are shopping around for a workstation for your Masters thesis. You surf the web and found an online seller who is willing to sell you the workstation at the same price and with a 3-year declining balance monthly installment plan of 6.75%. What is the EAR of this loan (express in % and to the nearest 2 decimal places)?

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