Question: Include formulas 1. Calculate the loan's effective annual rate (EAR). ? - . X Effective Annual Rate - Excel FORMULAS DATA REVIEW FILE HOME INSERT

Include formulas 1. Calculate the loan's effective annual rate (EAR). ?

Include formulas

1. Calculate the loan's effective annual rate (EAR). ? - . X Effective Annual Rate - Excel FORMULAS DATA REVIEW FILE HOME INSERT PAGE LAYOUT VIEW Sign In Calibri - 11 AA % ID Paste BIU Cells Editing Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard Font B D E F G H 1 J 1 2 3 A loan is offered with monthly payments and a 9.00 percent APR. What's the loan's effective annual rate (EAR)? (Do not round intermediate calculations and round your final answer to 2 decimal places.) 5 6 7 Payments per year APR 12 9.00% 8 9 10 11 Complete the following analysis. Do not hard code values in your calculations. 12 13 14 EAR 15 16 17 18 Sheet1 +

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