Question
To borrow $1,650, you are offered an add on interest loan at 8.1 percent with 12 monthly payments. Compute the 12 equal payments. (Round your
To borrow $1,650, you are offered an add on interest loan at 8.1 percent with 12 monthly payments. Compute the 12 equal payments. (Round your answer to 2 decimal places.) Compute the EAR of the loan. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
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The Handbook Of Credit Risk Management
Authors: Sylvain Bouteille, Diane Coogan-Pushner
2nd Edition
1119835631, 978-1119835639
