you plan to apply for a loan from bank america. the nominal annual interest rate for this loan is 13.68 percent, compounded daily (with a 365-day year). what is the effective annual rate, or EAR (annual percentage yield), of this loan? Round the answer to two decimal places in percentage form.
you plan to apply for a loan from bank america. the nominal annual
interest rate for this loan is 13.68 percent, compounded daily (with a 365-day year). what is the effective annual rate, or EAR (annual percentage yield), of this loan?
Round the answer to two decimal places in percentage form.
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