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The financial company TUCREDITO grants its clients single signature loans to a 55% nominal annual rate. a) Calculate the quarterly effective rate b) Calculate the
The financial company TUCREDITO grants its clients single signature loans to a 55% nominal annual rate. a) Calculate the quarterly effective rate b) Calculate the effective biweekly rate c) Calculate the amount of interest to be paid and graph the payment schedule with increasing installments if it is agreed with the financial company to pay a loan of $ 8600 in 8 biweekly installments.
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