Roofing company took on a 1-year discount loan of $211,635 with 10% quoted rate and...
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Roofing company took on a 1-year discount loan of $211,635 with 10% quoted rate and 9% compensating balance. What is the EAR? Enter your answer in decimal format, and round to 4 decimal places. e.g. if your answer is 5.6789%, enter 0.0568.
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