You would like to borrow $ 185000 over 30 years. The interest rate applied is 4.5% with

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You would like to borrow $ 185000 over 30 years. The interest rate applied is 4.5% with 1.5 points. Calculate the effective annual rate of interest you will be charged.

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Foundations of Finance The Logic and Practice of Financial Management

ISBN: 978-0132994873

8th edition

Authors: Arthur J. Keown, John D. Martin, J. William Petty

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Posted Date: May 30, 2023 12:39 AM

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You would like to borrow $ 185000 over 30 years. The interest rate applied is 4.5% with

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To calculate the effective annual rate of interest EAR you will be charged for the loan we need to c... View the full answer

Foundations of Finance The Logic and Practice of Financial Management

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