Question
Mortgage companies usually charge interest semi-annually. What would be the effective rate of interest on a mortgage at 4.25 percent compounded semi-annually?
Mortgage companies usually charge interest semi-annually. What would be the effective rate of interest on a mortgage at 4.25 percent compounded semi-annually?
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International Economics Theory and Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz
9th Edition
978-0132146654, 0132146657, 9780273754091, 978-0273754206
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