Question
A lender offers you a mortgage with an APR of 4 08 with monthly compounding What is the effective rate of interest charged by the
A lender offers you a mortgage with an APR of 4 08 with monthly compounding What is the effective rate of interest charged by the lender Answer Format Percentage Round to 2 decimal places Example 9 24 sign required Will accept decimal format rounded to 4 decimal places ex 0 0924
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Basic College Mathematics
Authors: Marvin L Bittinger, Judith A Beecher, Barbara L Johnson
12th Edition
0321925068, 9780321925060
