You lend out $1000 and get it back in 12 monthly payments of $88 each. The nominal

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You lend out $1000 and get it back in 12 monthly payments of $88 each. The nominal interest rate you earned on your investment is? (answer in % to the nearest 0.1%)

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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: Feb 27, 2024 09:05 PM

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You lend out $1000 and get it back in 12 monthly payments of $88 each. The nominal

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Fundamentals of Corporate Finance

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