Alice borrows $4903 from Lily Canada Inc and promises to repay Lily $5403 in 3 years....
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Alice borrows $4903 from "Lily Canada Inc" and promises to repay Lily $5403 in 3 years. What is the quoted rate compounded monthly charged by Lily? The quoted rate compounded monthly charged by Lily is %. Alice borrows $4903 from "Lily Canada Inc" and promises to repay Lily $5403 in 3 years. What is the quoted rate compounded monthly charged by Lily? The quoted rate compounded monthly charged by Lily is %.
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Answer rating: 100% (QA)
To find the quoted rate use the formula for compound interest A P1 rnn where A is the fu... View the full answer
Related Book For
Introduction To Corporate Finance
ISBN: 9781118300763
3rd Edition
Authors: Laurence Booth, Sean Cleary
Posted Date:
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