Question: A loan is requested for $50,000 dollars, which is expected to end within 1 year at an interest rate of 50% annually, compounded quarterly. required

  1. A loan is requested for $50,000 dollars, which is expected to end within 1 year at an interest rate of 50% annually, compounded quarterly.
  2. required
  3. Get the annual effective rate
  4. The total interest to be paid.

 

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