Question: This Question: 10 pts The effective annual rate (EAR) for a loan with a stated APR of 12% compounded monthly is closest to: O A.

This Question: 10 pts The effective annual rate (EAR) for a loan with a stated APR of 12% compounded monthly is closest to: O A. 15.22% OB. 12.68% O C. 13.95% OD. 16.49% Which of the following is/are TRUE? 1. The EAR can never exceed the APR. II. The APR can never exceed the EAR. II. The APR and EAR can never be equal. O A. Only I. & III. are true. O B. Only II. & III. are true. O C. Only I. is true. OD. Only II. is true

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