Question
If the effective annual rate of interest is known to be 12% on a debt that has semi-annual payments, what is the annual percentage rate?
If the effective annual rate of interest is known to be 12% on a debt that has semi-annual payments, what is the annual percentage rate? Enter your answer as a percentage rounded to 2 DECIMAL PLACES. Do not include the percentage sign in your answer.
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Contemporary Issues In Development Finance
Authors: Joshua Yindenaba Abor, Robert Lensink, Charles Komla Delali Adjasi
1st Edition
1138324329, 978-1138324329
