Question
You have a car loan with a nominal rate of 5.65 percent. With interest charged monthly, what is the effective annual rate (EAR) on this
You have a car loan with a nominal rate of 5.65 percent. With interest charged monthly, what is the effective annual rate (EAR) on this loan? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
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Overcoming Debt Achieving Financial Freedom
Authors: Cindy Zuniga-Sanchez
1st Edition
1119902320, 978-1119902324
