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A company obtained a short term loan from a bank. Information about such loan is as follows. Principal of the loan - $5000000 Stated Interest
A company obtained a short term loan from a bank. Information about such loan is as follows.
Principal of the loan - $5000000
Stated Interest Rate - 10%
Terms - 1 year
required: effective interest rate.
Please provide explanations. Thank you
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Rich Dads Increase Your Financial IQ Get Smarter With Your Money
Authors: Robert T. Kiyosaki
1st Edition
1612680658, 978-1612680651
