You plan to apply for a loan from bank of america the, Ask an Expert

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You plan to apply for a loan from Bank of America. The nominal interest rate for this loan is 7.67 percent, compounded daily (with a 365 day per year.) What is the effective annual rate (EAR) annual percentage yield, of this loan?

Round to two decimal places in percentage form.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91417993

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