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What is the Effective Annual Rate (EAR) for a loan that charges 0.10 per cent on a daily basis? Chose the answer below closest to
What is the Effective Annual Rate (EAR) for a loan that charges 0.10 per cent on a daily basis? Chose the answer below closest to the correct solution. Group of answer choices 36 per cent. 38 per cent. 40 per cent. 42 per cent. 44 per cent. 46 per cent. None of the above
What is the Effective Annual Rate (EAR) for a loan that charges 0.10 per cent on a daily basis? Chose the answer below closest to the correct solution.
Group of answer choices
36 per cent.
38 per cent.
40 per cent.
42 per cent.
44 per cent.
46 per cent.
None of the above
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