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A loan is offered with monthly payments and a 10.25 percent APR. Whats the loans effective annual rate (EAR)? (Do not round intermediate calculations and
A loan is offered with monthly payments and a 10.25 percent APR. Whats the loans effective annual rate (EAR)? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
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The Economics Of Money Banking And Financial Markets
Authors: Frederic S. Mishkin
7th Edition
0321122356, 978-0321122353
