A loan is requested for $50,000 dollars, which is expected to end within 1 year at an
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- 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
- Get the annual effective rate
- The total interest to be paid.
Related Book For
Real Estate Finance and Investments
ISBN: 978-0073377339
14th edition
Authors: William Brueggeman, Jeffrey Fisher
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