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you borrow $1890 at 3% monthly compounding on february 12th and will payback the loan on joveber 24th of the same year. interest is charged
you borrow $1890 at 3% monthly compounding on february 12th and will payback the loan on joveber 24th of the same year. interest is charged for part of a period and use bankers rule you burrow 1890 at 3% monthly compounding on feb 12th and will payback the loan on nov 24th same year. interest is charged gor part of a period,use daily bankers rule
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Financial Markets and Institutions
Authors: Anthony Saunders, Marcia Cornett
6th edition
9780077641849, 77861663, 77641841, 978-0077861667
