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The going rate on student loans is quoted as 9% APR. The terms of the loans call for monthly payments and monthly accrual of interest.
The going rate on student loans is quoted as 9% APR. The terms of the loans call for monthly payments and monthly accrual of interest. What is the effective annual rate (EAR) on such a student loan?
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Chronic Regulatory Focus And Financial Decision Making Asset And Portfolio Allocation
Authors: Navin Kumar
1st Edition
9812876936, 978-9812876935
