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5. A loan has a stated interest rate of 4.5% compounded quarterly. What is the EAR for this loan? EAR = 51+ APBM)M-1 = (1

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5. A loan has a stated interest rate of 4.5% compounded quarterly. What is the EAR for this loan? EAR = 51+ APBM)M-1 = (1 +1800/4)44 m=2, 412,365 ()+,0450 34-17 (1.0480)41 = 1.1925-17-1925 APR = 12 * m = 6045 * 4 = 1000

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