Question
Kenneth's Arrows and Bows borrow $10,000 for one year at 12 percent interest. What is the effective rate of interest if the loan is discounted?
Kenneth's Arrows and Bows borrow $10,000 for one year at 12 percent interest. What is the effective rate of interest if the loan is discounted?
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Quantitative Investment Analysis
Authors: Richard A. DeFusco, Dennis W. McLeavey, Jerald E. Pinto, David E. Runkle
3rd edition
111910422X, 978-1119104544, 1119104548, 978-1119104223
