Assume a 1-year loan for $23,300 has an interest rate of 4.49 percent, compounded annually. How...
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Assume a 1-year loan for $23,300 has an interest rate of 4.49 percent, compounded annually. How much additional interest would be charged if the rate had compounded continuously rather than annually? . Round to two decimals. Your Answer: Answer Assume a 1-year loan for $23,300 has an interest rate of 4.49 percent, compounded annually. How much additional interest would be charged if the rate had compounded continuously rather than annually? . Round to two decimals. Your Answer: Answer
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Related Book For
Fundamentals of Financial Accounting
ISBN: 978-0078025914
5th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
Posted Date:
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