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I will like! A bank offers a loan that will requires you to pay 10% interest compounded semiannually. Which of the following is closest to
I will like!
A bank offers a loan that will requires you to pay 10% interest compounded semiannually. Which of the following is closest to the EAR charged by the bank? A. 8.2% B. 12.3% C. 20.5% D. 10.25% Step by Step Solution
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