If the 5% interest rate quoted on Dave's loan had been compounded monthly, what would have been

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If the 5% interest rate quoted on Dave's loan had been compounded monthly, what would have been the effective annual interest rate charged on the loan?

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Fundamentals of Corporate Finance

ISBN: 978-1259024962

6th Canadian edition

Authors: Richard Brealey, Stewart Myers, Alan Marcus, Devashis Mitra, Elizabeth Maynes, William Lim

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Question Posted: Aug 18, 2017 01:50 PM

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If the 5% interest rate quoted on Dave's loan had been compounded monthly, what would have been

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Fundamentals of Corporate Finance

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