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What is the annual percentage rate on a car loan if the effective annual interest rate is 6.31% and the interest is compounded quarterly. 6.31%
What is the annual percentage rate on a car loan if the effective annual interest rate is 6.31% and the interest is compounded quarterly.
| 6.31% | ||
| 6.47% | ||
| 6.17% | ||
| 4.75% | ||
| 7.76% |
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International Financial Management
Authors: Jeff Madura
3rd Edition
0314862722, 978-0314862723
