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stranahan stranahan
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7 years ago
Your bank has agreed to grant you a discount loan with an APR of 5.25%. If you need $5,000 today, the loan is to be repaid in full in one year, and the total interest to be paid is $277, what is the EAR of the loan?
A) 5.54%
B) 5.91%
C) 5.25%
D) 5.73%
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
Author:
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torchunicycletorchunicycle
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7 years ago
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stranahan Author
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#2
7 years ago
Thank you for  the help. I had a few questions on a few of them and this really confirmed my answers.
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#3
4 years ago
thank you
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