What quarterly compounded nominal rate and effective rate of interest are being charged on a $5000 loan

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What quarterly compounded nominal rate and effective rate of interest are being charged on a $5000 loan if quarterly payments of $302.07 will repay the loan in 5 ½ years

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:52 AM

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What quarterly compounded nominal rate and effective rate of interest are being charged on a $5000 loan

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The original loan is the present v...View the full answer

Business Mathematics In Canada

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