PPT Slide

0

kNom = APR = (1.2043)(12) = 14.45%.

EAR = (1.012043)12 - 1 = 15.45%.

14.45 ? NOM enters nom. rate

12 ? P/YR enters 12 pmts/yr.

? EFF% = 15.4489 = 15.45%.

1 ? P/YR to reset calculator

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