Question
TRIP Corporation has financed its recent acquisition of Whopper's Plaza with a first mortgage loan in the amount of $2.5 million @ 8% payable monthly
TRIP Corporation has financed its recent acquisition of
Whopper's Plaza with a first mortgage loan in the
amount of $2.5 million @ 8% payable monthly and
compounded semi-annually;
what is the monthly interest rate?
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Foundations Of Finance
Authors: Arthur J. Keown, John H. Martin, J. William Petty
10th Edition
0135160618, 978-0135160619
