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

47. - CFA MOCK EXAM LEVEL III MOCK EXAM QUESTIONS 2012

CFA MOCK EXAM LEVEL III MOCK EXAM QUESTIONS 2012

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47. Based on Silva’s advice, the effective annual interest rate for First Citizen Bank’s loan is closest

to:

A. 4.56%.

B. 5.75%.

C. 6.38%.