Calculating EAR with Points the interest rate on a one-year loan is quoted as 12 percent plus
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Calculating EAR with Points the interest rate on a one-year loan is quoted as 12 percent plus two points (see the previous problem). What is the EAR? Is your answer affected by the loan amount?
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Related Book For 
Fundamentals of Corporate Finance
ISBN: 978-0077861629
8th Edition
Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D.Jordan
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