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The Bank quotes the interest rate on loans as 12% per annum continuously compounded. The interest is actually paid monthly on a $6911 loan. What
The Bank quotes the interest rate on loans as 12% per annum continuously compounded. The interest is actually paid monthly on a $6911 loan. What is the interest payment (in $) of this loan per month?
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Financial Management Core Concepts
Authors: Raymond Brooks
3rd Edition
0133866742, 9780133866742
