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Author Question: Suppose a bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make ... (Read 73 times)

blkth103

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on: Aug 7, 2023
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 $300at 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?

◦

10.46%


◦

11.37%


◦

11.86%


◦

12.55%

Financial Management: Theory and Practice ¦ Brigham, Ehrhardt, Gessaroli, Nason ¦ 4th Edition
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Marked as best answer by blkth103 on Aug 7, 2023

psuniv

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Reply #1 on: Aug 7, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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blkth103

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Reply 2 on: Aug 7, 2023
Thanks for the timely response, appreciate it

jamesnevil303

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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