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    cbmitchell Posts: 4, Reputation: 1
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    #1

    Jul 24, 2012, 05:05 PM
    calculating EAR for home mortgages
    I am trying to calculat EAR for 3.750 rate 30 year mortgage is the formular
    =(1+3.750/1)-1 if so is the rate 3.75

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