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Zampa credit corp. wants to earn an effective annual return on its consumer loans of 10.5% per year. The bank uses daily compounding on its
Zampa credit corp. wants to earn an effective annual return on its consumer loans of 10.5% per year. The bank uses daily compounding on its loans. What interest rate is the bank required by law to report to potential borrowers?
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The Oxford Handbook Of The Sociology Of Finance
Authors: Karin Knorr Cetina, Alex Preda
1st Edition
0198708777, 978-0198708773
