Which rate is more attractive for a lender of a loan: 9.8% p.a. or 0.85% p.m.? Explain

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Which rate is more attractive for a lender of a loan: 9.8% p.a. or 0.85% p.m.? Explain your answer.

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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