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A vacation property valued at $65,000 was bought for 120 payments of $1555 due at the end of every 3 months. What nominal annual rate
A vacation property valued at
$65,000
was bought for
120
payments of
$1555
due at the end of every
3 months.
What nominal annual rate of interest compounded
semi-annually
was charged?
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Introduction To Derivatives And Risk Management
Authors: Robert Brooks, Don M Chance, Roberts Brooks
8th Edition
0324601212, 9780324601213
