What is the effective annual rate on this loan

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Reference no: EM13881152

You have a car loan with a nominal rate of 7.29 percent. with interest charged monthly,

what is the effective annual rate (EAR) on this loan?

Reference no: EM13881152

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What is the effective annual rate on this loan : You have a car loan with a nominal rate of 7.29 percent. with interest charged monthly, what is the effective annual rate (EAR) on this loan?

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