What is the ear of loan, You are looking at a one-year loan

What is the ear of loan

Assignment Help Financial Management

Reference no: EM131908229

You are looking at a one-year loan of $18,500. The interest rate on a one-year loan is quoted as 11.2 percent plus three points. What is the EAR of this loan? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Effective annual rate %

Is your answer affected by the loan amount?

Affected

Not affected

Reference no: EM131908229

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What is the ear of loan : You are looking at a one-year loan of $18,500. The interest rate on a one-year loan is quoted as 11.2 percent plus three points. What is the EAR of this loan?

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