The interest for a home loan is 7.2%. Find the effective rate for each compounding. Round to

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The interest for a home loan is 7.2%. Find the effective rate for each compounding. Round to the hundredth

a) Compounded monthly

>Eff( _____ , _____)

b) Compounded Continuously

er - 1

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Fundamentals of Corporate Finance

ISBN: 978-0077861629

8th edition

Authors: Richard Brealey, Stewart Myers, Alan Marcus

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Posted Date: Nov 18, 2020 12:57 AM

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The interest for a home loan is 7.2%. Find the effective rate for each compounding. Round to

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Fundamentals of Corporate Finance

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