Mathematics, 27.11.2019 21:31 lannor6586
Wyatt is paying back a loan with a nominal interest rate of 13.62%. if the interest is compounded quarterly, how much greater is wyatt’s effective interest rate than his nominal interest rate? a. 0.96 percentage points b. 0.40 percentage points c. 0.25 percentage points d. 0.71 percentage points
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Wyatt is paying back a loan with a nominal interest rate of 13.62%. if the interest is compounded qu...
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