Question
Problem 5-15 Effective Annual Rate (LG5-7) A loan is offered with monthly payments and a 9.00 percent APR. What's the loan's effective annual rate (EAR)?
Problem 5-15 Effective Annual Rate (LG5-7) A loan is offered with monthly payments and a 9.00 percent APR. What's the loan's effective annual rate (EAR)? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
Answer is complete but not entirely correct.
Effective annual rate Return 1.09%
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NFT For Beginners How To Create Buy Sell And Make A Living Off Of Digital Art And Cryptocurrencies
Authors: Greg Middleton
1st Edition
B0CCCVRTTN, 979-8853522039
