A loan is offered with monthly payments and a 16.50 percent APR. What's the loan's effective annual rate (EAR)? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Effective annual rate %
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- A loan is offered with monthly payments and a 14.50 percent APR. What’s the loan’s effective annual rate (EAR)? (Do not round intermediate calculations and round your final answer to 2 decimal places.) EAR =___.__%A loan is offered with monthly payments and a 8.50 percent APR. What's the loan's effective annual rate? ( do not round intermediate calculations and round your final answer to 2 decimal places.)A loan is offered with monthly payments and a 10 percent APR. What’s the loan’s effective annual rate (EAR)? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
- A loan is offered with monthly payments and a 9.75 percent APR. What's the loan's effective annual rate (EAR) ? Note: Do not round intermediate calculations and round your percentage answer to 2 decimal places (i.e., 0.1234 should be entered as 12.34).A loan is offered with bi-weekly payments (26 payments per year) and a 15.00 percent APR. What's the loan's effective annual rate (EAR)? Note: Round your final answer to 2 decimal places.If you borrow $7,500 at $550 interest for one year, what is your effective interest rate for the following payment plans? (Input your answers as a percent rounded to 2 decimal places.) a. Annual payment b. Semiannual payments c. Quarterly payments d. Monthly payments Effective Rate of Interest % % %
- A loan is offered with monthly payments and a 6.5 percent APR. What is the loan's effective annual rate (EAR)?If you borrow $5,300 at $900 interest for one year, what is your annual interest cost for the following payment plan? (Round the final answers to 2 decimal places.) Effective rate a. Annual payment % b. Semiannual payments % c. Quarterly payments % d. Monthly payments %es If you borrow $6,100 at $510 interest for one year, what is your annual interest cost for the following payment plan? (Round the final answers to 2 decimal places.) a. Annual payment b. Semiannual payments c. Quarterly payments d. Monthly payments Effective rate
- Find apr of the loan given the amount of the loan, number and type of payments and the add on interest rate. Loan amount $6000, 3 yearly payments ;rate 8% the annual percentage rate is?A loan is offered with monthly payments and a 17.00 percent APR. What’s the loan’s effective annual rate (EAR)?If you borrow $4,600 at $850 interest for one year, what is your effective interest rate for the following payment plans? (Input your answers as a percent rounded to 2 decimal places.) X Answer is complete but not entirely correct. a. b. Annual payment Semiannual payments C. Quarterly payments d. Monthly payments Effective Rate of Interest 18.48 % 19.33 X % 19.80 X % 20.13 X %