Question: please answer as a formula 1 1 2 3 4 5 6 A loan is offered with monthly payments and a 9.00 percent APR. What's

please answer as a formula

1 1 2 3 4 5 6 A loan is offered with monthly payments and a 9.00 percent APR. What's the loan's effective annual rate (EAR)? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Payments per year 12 APR 9.00% Complete the following analysis. Do not hard code values in your calculations. EAR

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