You are going to buy an apartment, and are borrowing 5 000 000 from a bank for 10 years. The interest rate 53% (APR), the payments are monthly. How much is the EAR that the bank will earn from the loan?
You are going to buy an apartment, and are borrowing 5 000 000 from a bank for 10 years. The interest rate 53% (APR), the payments are monthly. How much is the EAR that the bank will earn from the loan?
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 8EA: You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how...
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