A lender requires an effective annual interest rate of 7%assuming no default risk on a loan to

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A lender requires an effective annual interest rate of 7%assuming no default risk on a loan to be repaid with a singlepayment at the end of 8 years. Find the effective annual interestrate the lende 2 answers

Posted Date: May 21, 2024 07:19 AM

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A lender requires an effective annual interest rate of 7%assuming no default risk on a loan to

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