Question
7. If you are making a monthly house payment and the nominal yearly interest rate is 6%, and you wish to compute the monthly payment,
7. If you are making a monthly house payment and the nominal yearly interest rate is 6%, and you wish to compute the monthly payment, what value will you assign to i (interest rate)? You may express this as a percentage or as a decimal.
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The Oxford Handbook Of Quantitative Asset Management
Authors: Bernd Scherer, Kenneth Winston
1st Edition
0199553432, 978-0199553433
