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Tim needs a loan and is speaking to several lending agencies about their interest rates and loan terms. He particularly likes his local bank because
Tim needs a loan and is speaking to several lending agencies about their interest rates and loan terms. He particularly likes his local bank because he is being offered a nominal rate of However, since the bank is compounding its interest daily, the loan will impose an effective interest rate of on his loan.
Tim needs a loan and is speaking to several lending agencies about their interest rates and loan terms. He particularly likes his local bank because he is being offered a nominal rate of However, since the bank is compounding its interest daily, the loan will impose an effective interest rate of on his loan.
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