What is the effective annual rate or ear annual percentage
You plan to apply for a loan from Bank of America. The nominal annual interest rate for this loan is 11.54 percent, compounded daily (with a 365-day year). What is the effective annual rate, or EAR (annual percentage yield), of this loan?
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1 large-cap stocks had the nominal rates of return of 1227 percent the rate of inflation during the last year was 167
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