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Question 11 (10 points) Listen (Estimated time allowance: 10 minutes) You just bought a fancy TV on credit for $5,000 and the terms of
Question 11 (10 points) Listen (Estimated time allowance: 10 minutes) You just bought a fancy TV on credit for $5,000 and the terms of the loan are: 4-year loan for with monthly (end of the month) payments of $197.89 What is the Effective Annual Rate (EAR) of this loan? You can use a financial calculator or PV tables: Click here for opening PV tables excel file (1) 24% 2) 42.58% 3) 36% 4) 3%
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Project Finance in Theory and Practice
Authors: Stefano Gatti
2nd edition
978-9382291589, 123919460, 978-0124157538, 978-0123919465
