Business, 15.06.2021 14:00 tynyiaawrightt

A new coffee machine costs $50,850 and the finance office has quoted you an Annual Percentage Rate (APR) of 5.9%, compounded monthly, for 36 months. What is the Effective Annual Rate (EAR)?

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A new coffee machine costs $50,850 and the finance office has quoted you an Annual Percentage Rate (...

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