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1.nominal rate of 8% compounded monthly will result into holding period rate of__________ with a holding interval of 2 years 2. If you take out
1.nominal rate of 8% compounded monthly will result into holding period rate of__________ with a holding interval of 2 years
2. If you take out a loan in the amount of 10,000 payable as lump sum with interest in two years your payment in two years will be_____. Suppose that the bank charges 8% APR compounded monthly.
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