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stranahan stranahan
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7 years ago
Citizens' Bank of Business commercial loans are currently posted as having an 8.50% APR, with monthly payments due over a three-year period. If your firm takes out a $25,000 loan, what is the monthly payment, and what is the EAR? Use a financial calculator to determine your answer.
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
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torchunicycletorchunicycle
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stranahan Author
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7 years ago
Thanks Smiling Face with Open Mouth and Tightly-closed Eyes
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