A $ 1 0 , 0 0 0 debt is repaid by payments of $ 8 0

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Question:

A $

10, 000

debt is repaid by payments of $

800

at the end of each

quarter for five years. What semiannually compounded nominal interest

rate was charged on the loan?

Posted Date: May 18, 2024 07:13 PM

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A $ 1 0 , 0 0 0 debt is repaid by payments of $ 8 0

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