Question: The bolded number is the answer. Please show me how to get this answer for the exam. Thank you. 5. You are being offered a

The bolded number is the answer. Please show me how to get this answer for the exam. Thank you.

The bolded number is the answer. Please show me how to get

5. You are being offered a S50.000 loan at a quoted rate of 5% with daily compounding of interest. What is the nominal rate? What is the periodic rate? what is the effective rate? rperiodic0.01367% reff tive-5.1267%

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