Question: how to solve this using ti 84 calculator, or with just regularly Suppose a bank offers to lend you $10, 000 for 1 year on

how to solve this using ti 84 calculator, or with just regularly

Suppose a bank offers to lend you $10, 000 for 1 year on a loan contract that calls for you to make interest payments of $250.00 at the end of each quarter and then pay off the principal amount at the end of the year. What is the effective annual rate on the loan? a. 8.46% b. 8.90% c. 9.37% d. 9.86% e. 10.38%

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