A loan is offered with monthly payments and a 1325 percent, Financial Management

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A loan is offered with monthly payments and a 1325 percent

1. A loan is offered with monthly payments and a 13.25 percent APR. What’s the loan’s effective annual rate (EAR)? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

2. The Smoot

-Hawley Tariff was one of the most protectionist tariffs in U.S. history. How can we explain its passage in 1930?

How convincing is/are the explanation(s)?

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Financial Management: A loan is offered with monthly payments and a 1325 percent

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Financial Management: A loan is offered with monthly payments and a 1325 percent

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