Question
Your best friend wants to help you out in your time of need. She offers you a loan with an effective annual interest rate of
Your best friend wants to help you out in your time of need. She offers you a loan with an effective annual interest rate of 9 percent.
What is the equivalent semi-annual (6 month) interest rate on this loan? Note: I don't want the APR, I want the EPR (the actual 6 month interest rate).
a. 9.2% b.4.4% c.3.52% d.8.81% e.5.28%
What is the quarterly interest rate on this loan? Note: I don't want the APR, I want the EPR (the actual 3 month interest rate).
What is the equivalent 18-month interest rate on this loan? Enter your answer as a percentage rounded to two decimals. Note: I don't want the APR, I want the actual 18-month interest rate.
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Urban Infrastructure Finance And Management
Authors: K. Wellman, Marcus Spiller
1st Edition
0470672188, 978-0470672181
