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QUESTION 1 Calculate the nominal (annual) interest rate on a loan for $30,000 that has monthly payments of $1,000 for 36 months with an
QUESTION 1 Calculate the nominal (annual) interest rate on a loan for $30,000 that has monthly payments of $1,000 for 36 months with an additional balloon payment of $500 in the last month. 1762% 12.68% O 13.85% 19.75%
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Fundamentals of Investments
Authors: Gordon J. Alexander, William F. Sharpe, Jeffery V. Bailey
3rd edition
132926172, 978-0132926171
