What is the nominal annual rate of interest compounded quarterly if a loan of $21 500 is

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What is the nominal annual rate of interest compounded quarterly if a loan of $21 500 is repaid in seven years by payments of $2000 made at the end of every six months?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Feb 26, 2016 04:00 AM

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What is the nominal annual rate of interest compounded quarterly if a loan of $21 500 is

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Contemporary Business Mathematics with Canadian Applications

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