You have a 12%, 6 years loan. Please choose ALL correct answers. Select one or more:...
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You have a 12%, 6 years loan. Please choose ALL correct answers. Select one or more: a. If the loan is repaid monthly, the number of periods will be 72. b. If the loan is repaid daily number of periods will be 365. c. If the loan is repaid semiannually, the interest rate will be 2%. d. If the loan is repaid quarterly, the interest rate will be 3%. You have a 12%, 6 years loan. Please choose ALL correct answers. Select one or more: a. If the loan is repaid monthly, the number of periods will be 72. b. If the loan is repaid daily number of periods will be 365. c. If the loan is repaid semiannually, the interest rate will be 2%. d. If the loan is repaid quarterly, the interest rate will be 3%.
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Financial and Managerial Accounting
ISBN: 978-0538480895
11th Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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