Question: Please answer with explanations thx EAR. What is the effective annual rate (EAR) of a car loan that is advertised at 9% (APR) and paid

Please answer with explanations thx EAR. What is the effective annual

Please answer with explanations thx

EAR. What is the effective annual rate (EAR) of a car loan that is advertised at 9% (APR) and paid with semiannual payment? The effective annual rate (EAR) of the car loan at 9% APR with semiannual payments is %. (Round to two decimal places.) Enter your answer in the answer box and then click Check Answer. All parts showing Clear All

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