Question
7.Jacob was able to repay his $4400 loan in five years by making payments of $85 at the end of every month. What nominal monthly
7.Jacob was able to repay his $4400 loan in five years by making payments of $85 at the end of every month. What nominal monthly compounded rate of interest was Jacob being charged on the loan?
please show formula, step by step calculations
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Abstract Analytic Number Theory
Authors: John Knopfmacher
1st Edition
0486169340, 9780486169347
