Question
how do you calculate the effective monthly rate of a loan? The loan is $100000 and the interest charged at 5%p.a. effective. Since it is
how do you calculate the effective monthly rate of a loan? The loan is $100000 and the interest charged at 5%p.a. effective. Since it is the effective rate and not nominal rate is the formula different.
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Foundations Of Financial Management
Authors: Stanley B. Block, Geoffrey A. Hirt, Bartley R. Danielsen
13th Edition
0073382388, 978-0073382388
