Question: Question content area top Part 1 You are considering a car loan with a stated APR of 5 . 7 2 % based on monthly

Question content area top
Part 1
You are considering a car loan with a stated APR of 5.72% based on monthly compounding. What is the effective annual rate of this loan? (Note: Be careful not to round any intermediate steps less than six decimal places.)
Question content area top Part 1 You are considering a car

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