Question: The answer is 10.8%, how do we get to this answer? please show all steps, thank you There is a loan that is compounded quarterly

The answer is 10.8%, how do we get to this answer?

The answer is 10.8%, how do we get to this answer? please show all steps, thank you

There is a loan that is compounded quarterly and has an effective annual rate is 11.25%. What is the APR? Select one a. 10.196 b. 11.4% X C. 11.9% d. 10.8%

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