What is the nominal annual rate of interest compounded semi-annually if a four- year loan of $6000

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What is the nominal annual rate of interest compounded semi-annually if a four- year loan of $6000 is repaid by monthly payments of $144.23?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Feb 26, 2016 04:00 AM

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What is the nominal annual rate of interest compounded semi-annually if a four- year loan of $6000

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FV 600000 PMT 14423 n 212 c 1...View the full answer

Contemporary Business Mathematics with Canadian Applications

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