What is the nominal interest rate compounded monthly if a four-year loan of $6000 is repaid by

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What is the nominal interest rate compounded monthly if a four-year loan of $6000 is repaid by end-of-month payments of $144.23?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Sep 21, 2024 05:20 AM

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What is the nominal interest rate compounded monthly if a four-year loan of $6000 is repaid by end-of-month payments of $144.23?
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What is the nominal interest rate compounded monthly if a four-year loan of $6000 is repaid by

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PV n 600000 PMT 14423 n 48 ...View the full answer

Contemporary Business Mathematics with Canadian Applications

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