A $600 stereo is financed for 6 months by making monthly payments of $110. What is the

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A $600 stereo is financed for 6 months by making monthly payments of $110. What is the annual nominal compounding rate for this loan?

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College Mathematics For Business Economics, Life Sciences, And Social Sciences

ISBN: 978-0134674148

14th Edition

Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker

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