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The bolded number is the answer. Please show me how to get this answer for the exam. Thank you. 5. You are being offered a

The bolded number is the answer. Please show me how to get this answer for the exam. Thank you.

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5. You are being offered a S50.000 loan at a quoted rate of 5% with daily compounding of interest. What is the nominal rate? What is the periodic rate? what is the effective rate? rperiodic0.01367% reff tive-5.1267%

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