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P = $400,000 , APR = 4.5%/2 = 2.25%, comp period = 2 per year, Amortization = 25 What effective interest rate is equivalent to
P = $400,000 , APR = 4.5%/2 = 2.25%, comp period = 2 per year, Amortization = 25
What effective interest rate is equivalent to 4.5% with semi-annual compounding? What is the payment: If Tony wants to make monthly payments? If Tony wants to make weekly payments? If Tony want to make daily paymentsStep by Step Solution
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