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answer fast Wen Jing received an excellent interest rate for her car loan of $11,000. Calculate the nominal interest rate and periodic interest rate of
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Wen Jing received an excellent interest rate for her car loan of $11,000. Calculate the nominal interest rate and periodic interest rate of her loan if it accumulated to $11,170 in five months and interest was compounded quarterly. a. 0.92% b. 3.70% 37% Clear my choiceStep by Step Solution
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Advanced Accounting
Authors: Paul Fischer, William Taylor
6th Edition
0538841265, 978-0538841269
