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Math Help - interst rate

  1. #1
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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. #2
    Member jonah's Avatar
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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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