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A loan officer is preparing the documents for a commercial term loan. The borrower s risk profile suggests that an annualized return ( EAR )
A loan officer is preparing the documents for a commercial term loan. The borrowers risk profile suggests that an annualized return EAR of is appropriate. The loan will require semiannual payments, ie one payment every six months. What APR compounded semiannually should be used to compute the borrowers future payments? please show the results in excel spreadsheet also
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