What is the nominal interest rate compounded monthly if a four-year loan of $6000 is repaid by
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Nominal Monthly interest rate can be calculated by using following formula Pr...View the full answer
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Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0133052312
10th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
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