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Bank of America has agreed to lend you $30,000 today, but you must repay $42,135 in 3 years. What rate is the bank is charging
Bank of America has agreed to lend you $30,000 today, but you must repay $42,135 in 3 years. What rate is the bank is charging you?
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| A) 13% |
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| B) 12% |
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| C) 11% |
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| D) 10% |
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The Oxford Handbook Of Quantitative Asset Management
Authors: Bernd Scherer, Kenneth Winston
1st Edition
0199553432, 978-0199553433
