Computing effetive annual rate on the loan, Finance Basics

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Computing effetive annual rate on the loan

Suppose a bank offers to leend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $250.00 at the end of each quarter and then pay off the principal amount at the end of the year. What is the effetive annual rate on the loan?

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Finance Basics: Computing effetive annual rate on the loan

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Finance Basics: Computing effetive annual rate on the loan

Reference No:- TGS041583

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : Npv for conveyor belt systems

Q : Maximum interest expense deduction

Q : Computing financing cost of bonds

Q : Amount of actual exemption for the amt

Q : Computing effetive annual rate on the loan

Q : Katherines mortgage on the land

Q : Exchanges undeveloped real estate

Q : Determining the efficient market hypothesis

Q : Determining the annual equilibrium return

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Request for Solution File

Ask an Expert for Answer!!

Finance Basics: Computing effetive annual rate on the loan

Reference No:- TGS041583

Recent Questions Asked Finance Basics

Q : Npv for conveyor belt systems

Q : Maximum interest expense deduction

Q : Computing financing cost of bonds

Q : Amount of actual exemption for the amt

Q : Computing effetive annual rate on the loan

Q : Katherines mortgage on the land

Q : Exchanges undeveloped real estate

Q : Determining the efficient market hypothesis

Q : Determining the annual equilibrium return

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