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You're offered a 5.200% rate (APR) on your mortgage loan. With monthly payments, what is the Effective Annual Rate on the loan? 5.326% 5.314% 5.146%

You're offered a 5.200% rate (APR) on your mortgage loan. With monthly payments, what is the Effective Annual Rate on the loan? 5.326% 5.314% 5.146% 5.402%

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