Question
a property worth $48000 is purchased for 10% down and monthly payments of $365 for 14 years. What is the effective annual rate of interest
a property worth $48000 is purchased for 10% down and monthly payments of $365 for 14 years. What is the effective annual rate of interest of interest is compounded annually?
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
10th edition
133052311, 978-0133052312
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