If this loan had been made on a 10% add-on basis, payable in 12 end-of-month installments, what

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If this loan had been made on a 10% add-on basis, payable in 12 end-of-month installments, what would be the monthly payment amount? ($45,833.33) What is the annual percentage rate? (17.97%) The effective annual rate? (19.53%)

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Financial Management Theory And Practice

ISBN: 9781439078105

13th Edition

Authors: Eugene F. Brigham, Michael C. Ehrhardt

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