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Magnus Credit Corp. wants to earn an effective annual return on its consumer loans of 16 percent per year. The bank uses daily compounding on
Magnus Credit Corp. wants to earn an effective annual return on its consumer loans of 16 percent per year. The bank uses daily compounding on its loans. Required: What interest rate is the bank required by law to report to potential borrowers
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Project Finance
Authors: B Rajesh Kumar
1st Edition
3030967247, 978-3030967246
