If $ 1 3 , 3 7 6 . 3 9 was the interest earned on lending

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Question:

If $

13, 376.39

was the interest earned on lending $

101, 400.00

for

4

years, what was the quarterly compounding nominal interest rate charged on the loan?

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

Posted Date: Mar 18, 2024 06:37 AM

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If $ 1 3 , 3 7 6 . 3 9 was the interest earned on lending

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So the quarterly com... View the full answer

Income Tax Fundamentals 2013

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