Fairfax paint just borrowed 66800 dollars the terms of the


Fairfax Paint just borrowed 66,800 dollars. The terms of the loan require the company to make equal semi-annual payments forever. The first semi-annual payment is due in 6 months. If the regular semi-annual loan payment is 4,800 dollars, then what is the EAR of the loan? 

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Fairfax paint just borrowed 66800 dollars the terms of the
Reference No:- TGS01369948

Expected delivery within 24 Hours