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Question: To borrow $1,300, you are offered an add on interest loan at 8.8 percent with 12 monthly payments. Compute the 12 equal payments. (Round your answer to 2 decimal places.)

Compute the EAR of the loan. (Do not round intermediate calculations and round your answer to 2 decimal places.)

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92786250

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