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1. Calculate the loan's effective annual rate (EAR) x 5. Effective Annual Rate - Excel...

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1. Calculate the loan's effective annual rate (EAR) x 5. Effective Annual Rate - Excel ? FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In X Calibri - 11 - A A % MA M Paste BIU - - A Alignment Number Cells Editing Conditional Format as Cell Formatting Table Styles Styles Clipboard Font A1 A 8 C E F G H 1 2 3 A loan is offered with monthly payments and a 9.00 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.) 5 6 7 Payments per year APR B 12 9.00% 10 1 12 Complete the following analysis. Do not hard code values in your calculations 13 14 EAR 15 16

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