What is the effective interest rate for a loan of $20,000 for three years if the interest

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What is the effective interest rate for a loan of $20,000 for three years if the interest is compounded quarterly at a rate of 12%?

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Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

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Question Posted: Mar 11, 2016 01:52 AM

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What is the effective interest rate for a loan of $20,000 for three years if the interest

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Business Math

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