Question: Using the following interest rates find the implied future discount rate, rounded to 2 decimal places. a. 7.67% APR (current mortgage rate) b. 3.2%
Using the following interest rates find the implied future discount rate, rounded to 2 decimal places. a. 7.67% APR (current mortgage rate) b. 3.2% APR (mortgage rate during Covid-19) c. 24.24% APR (interest rate if I fail to pay the credit card on time)
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