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A loan for $50,000 is to be paid after, n=3 years at the amount of $100,000. What is the nominal interest rate per year(r),
A loan for $50,000 is to be paid after, n=3 years at the amount of $100,000. What is the nominal interest rate per year(r), if it is compounded weekly? (one year =52 weeks)
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To find the nominal interest rate per year r compounded weekly we can use the formula for compound i...
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Corporate Finance A Focused Approach
Authors: Michael C. Ehrhardt, Eugene F. Brigham
6th edition
1305637100, 978-1305637108
