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What is the nominal annual rate of interest compounded quarterly if a loan of $21500 is repaid in 7 years by payments of $2000 made
What is the nominal annual rate of interest compounded quarterly if a loan of $21500 is repaid in 7 years by payments of $2000 made at the end of every 6 months?
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An Introduction to the Mathematics of Financial Derivatives
Authors: Ali Hirsa, Salih N. Neftci
3rd edition
012384682X, 978-0123846822
