Work out several exercises to compute the ear and apr on a


Work out several exercises to compute the EAR and APR on a loan. Be sure to use the Excel functions EFFECT and NOMINAL. What is the effective rate of a 4% APR loan compounded quarterly?

What is the nominal rate of a 5.62 effective rate compounded monthly?

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Accounting Basics: Work out several exercises to compute the ear and apr on a
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