Find the effective annual rate you are paying the bank

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Reference no: EM131970766

Solve the given question

The local bank will charge you 10% APR for your mortgage loan. monthly payment, what is the Effective Annual Rate (EAR) you are paying the bank mortgage?

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131970766

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