"> (Answered) Suppose you borrow \$1000 from a finance student and promise to pay them back within one year. If the interest rate on the loan is 1.25% per month, - Tutorials Prime

## (Answered) Suppose you borrow \$1000 from a finance student and promise to pay them back within one year. If the interest rate on the loan is 1.25% per month,

Suppose you borrow \$1000 from a finance student and promise to pay them back within one year. If the interest rate on the loan is 1.25% per month,

Suppose you borrowâ€‹Â \$1000 from a finance student and promise to pay them back within one year. If the interest rate on the loan isâ€‹Â 1.25% perâ€‹Â month, what is the effective annual interest rateâ€‹(EAR)?

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This question was answered on: Jan 02, 2020

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