Question: Using only equations no excel Use the simple, add-on, and discount methods to determine the effective rate of interest on a one-year, $1, 200 loan

Using only equations no excel

Use the simple, add-on, and discount methods to determine the effective rate of interest on a one-year, $1, 200 loan to be amortized in: 4 equal installments. 6 equal installments. equal installments. Assume a nominal interest rate of 10 percent

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