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Thread: interst rate

  1. October 30th 2008, 06:45 AM #1
    mcinnes
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    interst rate

    determine the effective annual rate of interest charged on a loan if the nominal rate is 5.4% per annum compounded quarterly. Show all of your work.

    WOW, i have no clue
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  2. October 30th 2008, 08:29 AM #2
    jonah
    jonah is offline
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    Quote Originally Posted by mcinnes View Post
    Show all of your work.
    Well sure, your wish is our command.
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