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Rickos Rickos
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6 years ago
SellUCars, Inc. offers you a car loan at an annual interest rate of 8% compounded monthly. What is the annual percentage yield of the loan?
A) 8.00%
B) 8.24%
C) 8.30%
D) 8.44%
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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vanrheevanrhee
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