Question: EAR = (1 + 0.8 /12)12 - 1 = 1.1047 - 1 = 10.47%

EAR = (1 + 0.8 /12)12 - 1 = 1.1047 -

EAR = (1 + 0.8 /12)12 - 1 = 1.1047 - 1 = 10.47%

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