What Is the EAR for a $100 Loan When the Interest

question 72

Multiple Choice

What is the EAR for a $100 loan when the interest is compounded monthly and the stated annual interest rate is 5.00 percent?

• A)5.00 percent
• B)5.06 percent
• C)5.12 percent
• D)5.52 percent
• E)5.92 percent

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