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You invest in a mortgage which offers an annual rate of 19.00%, what is the Effective Annual Rate (EAR) given tri-annually compounding? 0 a. 120.23%

You invest in a mortgage which offers an annual rate of 19.00%, what is the Effective Annual Rate (EAR) given tri-annually compounding? 0 a. 120.23% O b. 113.07% O c. 6.33% O d. 20.23%

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