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The effective annual rate (EAR) for a loan with a stated APR of 10% compounded quarterly is closest ...

johnpaech

wrote...

Posts: 1098

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7 years ago

The effective annual rate (EAR) for a loan with a stated APR of 10% compounded quarterly is closest ...

The effective annual rate (EAR) for a loan with a stated APR of 10% compounded quarterly is closest to:
A) 9.65%
B) 10.00%
C) 10.38%
D) 12.50%

Textbook

Corporate Finance: The Core

Corporate Finance: The Core

Edition: 4^th

Authors: Berk, DeMarzo

Read 123 times

1 Reply

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anicid

wrote...

#1

7 years ago

C
Explanation: C) EAR = (1 + APR/k)k - 1 = (1 + .10/4)4 - 1 = .1038 or 10.38%

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