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A loan is offered with monthly payments and a 10.4 percent APR. What is the loan's effective annual rate (EAR)?
A loan is offered with monthly payments and a 10.4 percent APR. What is the loan's effective annual rate (EAR)?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
11th edition
324422870, 324422873, 978-0324302691
