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Steven Garcia borrowed $15,550 from the bank for three years. If the quoted rate(APR) is 5.95%, and the compounding is daily, what is the effective
Steven Garcia borrowed $15,550 from the bank for three years. If the quoted rate(APR) is 5.95%, and the compounding is daily, what is the effective annual interest rate parentheses (EAR)?
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Quantitative Financial Risk Management
Authors: Constantin Zopounidis, Emilios Galariotis
1st Edition
1118738187, 978-1118738184
