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A bank charges Iron Inc. an interest rate of 10% compounded quarterly on its line of credit. If the effective interest rate were to increase
A bank charges Iron Inc. an interest rate of 10% compounded quarterly on its line of credit. If the effective interest rate were to increase by 1.80%, calculate the new interest rate compounded quarterly.
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Financial Intelligence
Authors: Income Mastery
1st Edition
1647773210, 978-1647773212
