Question: can u please show the work/problem on an excel thank you What is the annual percentage rate (APR) on a loan that charges interest of
What is the annual percentage rate (APR) on a loan that charges interest of 0.83 percent per month? (Round answer to 2 decimal places, eg., 2.25.) Annual percentage rate eTextbook and Media Save for Later Attempts: 0 of 2 used Submit Answer (b) What is the effective annual rate (EAR) on the loan described in (a)? (Round answer to 2 decimal places, es., 2.25.) Effective annual rate %
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