You are offered a loan at a rate of 10.5% compounded monthly. Below what figure must a

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You are offered a loan at a rate of 10.5% compounded monthly. Below what figure must a semiannually compounded nominal rate be to make it more attractive?

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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 07:37 AM

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You are offered a loan at a rate of 10.5% compounded monthly. Below what figure must a

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The effective rate corresponding to 105 compounded monthly is The periodic rat...View the full answer

Business Mathematics In Canada

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