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A bank offers a loan that will requires you to pay 7% interest compounded monthly. Which of the following is closest to the EAR charged
A bank offers a loan that will requires you to pay 7% interest compounded
monthly.
Which of the following is closest to the EAR charged by the bank?
a. 5.76
b. 8.64
c. 7.2
d. 14.4
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Derivative Products And Pricing The Das Swaps And Financial Derivatives Library
Authors: Satyajit Das
1st Edition
0470821647, 9780470821640
