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Suppose, you could borrow using either a credit card that charges 1% per month or a bank loan with a 12% quoted nominal interest rate
- Suppose, you could borrow using either a credit card that charges 1% per month or a bank loan with a 12% quoted nominal interest rate that is compounded quarterly. Who should you borrow from and why?
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Cases In Healthcare Finance
Authors: Louis C. Gapenski, George H. Pink
4th Edition
1567933424, 978-1567933420
