shalei817200 shalei817200

19-03-2017
Mathematics

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When calculating a loan’s effective interest rate, if the nominal rate is 8.5%, what value of i do you plug into your equation?

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Aliwohaish12 Aliwohaish12

19-03-2017

R=(1+i/k)^k)-1
i=8.5/100=0.085

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la997393 la997393

26-09-2020

Answer:

The answer is C on Edg 2020

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