A loan is offered with monthly payments and a 16.25 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.)

perir0

I need to see what i am missing in this problem, please help i have only $2.75 can anyone do this for this much?

    • 14 years ago
    • 3
    Answer(4)

    Purchase the answer to view it

      Purchase the answer to view it

      NOT RATED
      • answer.docx

      Purchase the answer to view it

      NOT RATED

        Purchase the answer to view it

        NOT RATED
        • sol.docx
        Bids(0)