A bank offers a loan that will requires you to pay 8% interest compounded semiannually. What is

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A bank offers a loan that will requires you to pay 8% interest compounded semiannually. What is the EAR charged by the bank?

Posted Date: May 11, 2024 03:31 AM

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A bank offers a loan that will requires you to pay 8% interest compounded semiannually. What is

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To calculate the Effective Annual Rate EAR charged by the bank we can use the following formu... View the full answer

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