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An advertised monthly lending rate of 9 % with an effective rate of 9 . 3 9 % . This difference between an advertised rate

An advertised monthly lending rate of $9 %$ with an effective rate of $9.39 % .$ This difference between an advertised rate and the annualized rate is based on finer TVM details that may be overlooked by borrowers. Discuss how you may have used TVM in a recent investment or loan decision and explain the TVM involved in your transaction.

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