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stranahan stranahan
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7 years ago
You have agreed to a $50,000 fixed-rate loan from First National Bank today and promise to repay the loan with 36 equal monthly payments at an APR of 6.50%. What is the EAR of this loan?
A) 6.70%
B) 6.90%
C) 7.10%
D) 6.50%
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


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