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a. What is the annual percentage rate (APR) if the effective interest rate (EAR) is 0.017 and interest is compounded daily? Assume 365 days per
a. What is the annual percentage rate (APR) if the effective interest rate (EAR) is 0.017 and interest is compounded daily? Assume 365 days per year. b. You have a loan with an annual percentage rate equal to 0.06, and you pay 2335 SEK at the end of every month. What is the loan balance if it remains 4 years until the loan is paid back c. What is the effective interest rate (EAR) if the annual percentage rate (APR) is 0.056 and interest is compounded monthly. |
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