What semiannually compounded rate and effective rate of interest are being charged on a $12,000 loan if

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What semiannually compounded rate and effective rate of interest are being charged on a $12,000 loan if semiannual payments of $1204.55 will repay the loan in seven 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 07:48 AM

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What semiannually compounded rate and effective rate of interest are being charged on a $12,000 loan if

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The original loan is the present value of al...View the full answer

Business Mathematics In Canada

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