Question
1) Jill borrows $19,000 and will repay it in 3 equal year-end repayments over 3 years. If the interest rate is 7.6% per annum compounded
1)
Jill borrows $19,000 and will repay it in 3 equal year-end repayments over 3 years. If the interest rate is 7.6% per annum compounded monthly, Jills annual will be (rounded to nearest dollar; dont include the $ sign or commas):
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Financial Markets And Institutions
Authors: Jeff Madura
8th Edition
0324568215, 978-0324568219
