Question
The interest rate for the loan is 6.5% p.a. effective. Calcualte the equivalent nominal annual rate compounding monthly. Give your answer as a percentage to
The interest rate for the loan is 6.5% p.a. effective. Calcualte the equivalent nominal annual rate compounding monthly.
Give your answer as a percentage to 4 decimal places, and do NOT include a percentage sign.
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Personal Finance
Authors: E. Thomas Garman, Raymond Forgue
8th Edition
0618471421, 9780618471423
