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Please get back to me soon. Suppose Community Bank offers to lend you $10,000 for one year at a nominal annual rate of 8.804%, but
Please get back to me soon.
Suppose Community Bank offers to lend you $10,000 for one year at a nominal annual rate of 8.804%, but you must make interest payments at the end of each quarter and then pay off the $10,000 principal amount at the end of the year. What is the effective annual rate on the loan? O 8.24% O 8.45% 08.66% O 8.88% O 9.10% Suppose a U.S. treasury bond will pay $2,500 five years from now. If the going interest rate on 5-year treasury bonds is 3.2377%, how much is the bond worth today? $1,928.78 O $2,030.30 O $2,131.81 O $2,238.40 O $2,350.32
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