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An entrepreneur requests a loan for $1,000,000 for a term of 18 bimonthly periods (periods of 2 months each ), for which he must pay
An entrepreneur requests a loan for $1,000,000 for a term of 18 bimonthly periods (periods of 2 months each ), for which he must pay $1,718,411.39. What is the nominal interest rate that is capitalized each two-month period that the bank charges?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
