42. A car dealer is advertising a loan with monthly payments and a 9.9 percent nominal rate....

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42. A car dealer is advertising a loan with monthly payments and a 9.9 percent nominal rate. What is the loan’s EAR?

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Financial Markets And Institutions

ISBN: 9780071086745

5th International Edition

Authors: Anthony Saunders, Marcia Cornett

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Question Posted: Jul 31, 2024 12:02 PM

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42. A car dealer is advertising a loan with monthly payments and a 9.9 percent nominal rate....

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Financial Markets And Institutions

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