What’s the loan effective annual rate

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1. A loan is offered with monthly payments and a 13.25 percent APR. What’s the loan’s effective annual rate (EAR)? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

2. The Smoot

-Hawley Tariff was one of the most protectionist tariffs in U.S. history. How can we explain its passage in 1930?

How convincing is/are the explanation(s)?

Reference no: EM132052827

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