Question
Ronald's car broke down and he had to borrow money to fix it. He took out an instalment loan that has an annual percentage rate
Ronald's car broke down and he had to borrow money to fix it. He took out an instalment loan that has an annual percentage rate (APR) of 11.9% and it compounds monthly. What is the effective annual interest rate?
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Fundamentals Of Healthcare Finance
Authors: Louis C. Gapenski
2nd Edition
1567934757, 978-1567934755
