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You want to buy a house, and a local bank will lend you $100,000. The loan will be fully amortized over 20 years, and the

You want to buy a house, and a local bank will lend you $100,000. The loan will be fully amortized over 20 years, and the nominal interest rate will be 0.1100 with interest paid monthly. What will be the loan"s EAR?

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