The effective annual rate (EAR)for a loan with a stated APR of 10% compounded quarterly is closest to:
A)10.52%
B)10.25%
C)10.38%
D)10.00%
E)10.47%

Name: The effective annual rate (EAR)for a loan with a stated APR of 10% compounded quarterly is closest to: A)10.52% B)10.25% C)10.38% D)10.00% E)10.47%
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The Answer of The effective annual rate (EAR)for a loan with a stated APR of 10% compounded quarterly is closest to:
A)10.52%
B)10.25%
C)10.38%
D)10.00%
E)10.47%

The Effective Annual Rate (EAR)for a Loan with a Stated