) BASED ON SILVA'S ADVICE, THE EFFECTIVE ANNUAL INTEREST RATE FOR FI...

5. - CFA MOCK EXAM LEVEL III MOCK EXAM VERSIONB QUESTIONS 2014

CFA MOCK EXAM LEVEL III MOCK EXAM VERSIONB QUESTIONS 2014

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5.) Based on Silva's advice, the effective annual interest rate for First Citizen Bank's loan is

closest to:

A. 5.75%.

B. 4.56%.

C. 6.38%.