A loan for $50,000 is to be paid after, n=3 years at the amount of $100,000....
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A loan for $50,000 is to be paid after, n=3 years at the amount of $100,000. What is the nominal interest rate per year(r), if it is compounded weekly? (one year =52 weeks) A loan for $50,000 is to be paid after, n=3 years at the amount of $100,000. What is the nominal interest rate per year(r), if it is compounded weekly? (one year =52 weeks)
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To find the nominal interest rate per year r compounded weekly we can use the formula for compound i... View the full answer
Related Book For
Corporate Finance A Focused Approach
ISBN: 978-1305637108
6th edition
Authors: Michael C. Ehrhardt, Eugene F. Brigham
Posted Date:
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