Lila receives a personal loan that has 66 compoundings in a time period of 16 years and

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Lila receives a personal loan that has 66 compoundings in a time period of 16 years and 6 months. Calculate the compounding frequency of the loan.

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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