Question
A loan is offered with monthly payments and a 8.75 percent APR. Whats the loans effective annual rate (EAR)? (Do not round intermediate calculations and
A loan is offered with monthly payments and a 8.75 percent APR. Whats the loans effective annual rate (EAR)? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Effective annual rate %
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Financial Management Core Concepts
Authors: Raymond M Brooks
3rd edition
133866696, 978-0133866698
