No payments were made on a $3400 loan during its three-year term. What was the annually compounded

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No payments were made on a $3400 loan during its three-year term. What was the annually compounded nominal interest rate on the loan, if the amount owed at the end of the term was $4297.91?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:27 AM

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No payments were made on a $3400 loan during its three-year term. What was the annually compounded

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Given PV 3400 FV 429791 n 3 Yn i FV PV 1 ...View the full answer

Business Mathematics In Canada

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