The Student Bank of Canada charges an effective 3.4% interest per year on an 8 year $100,000
Fantastic news! We've Found the answer you've been seeking!
Question:
The Student Bank of Canada charges an effective 3.4% interest per year on an 8 year $100,000 loan. Calculate the loan's nominal annual interest rate.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: