Question
Find the effective interest rate for a loan for three years compounded quarterly at an annual rate of 12%. Use the accompanying future value table.
Find the effective interest rate for a loan for three years compounded quarterly at an annual rate of 12%. Use the accompanying future value table.
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Get StartedRecommended Textbook for
Business Math
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
10th edition
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