You have a car loan with a nominal rate of 6.85 percent. With interest charged monthly, what

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You have a car loan with a nominal rate of 6.85 percent. With interest charged monthly, what is the effective annual rate (EAR) on this loan?

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Fundamentals of Investments Valuation and Management

ISBN: 978-0077283292

5th edition

Authors: Bradford D. Jordan, Thomas W. Miller

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Question Posted: Sep 19, 2012 04:44 AM

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You have a car loan with a nominal rate of 6.85 percent. With interest charged monthly, what

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Fundamentals of Investments Valuation and Management

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