Mathematics, 29.11.2019 01:31 kylucienne
When calculating the effective rate of a loan, which statement or statements must be true if n is greater than 1?
i. the length of the loan is greater than a single year.
ii. the effective rate will exceed the nominal rate.
iii. the interest will be compounded monthly.
Answers: 2
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When calculating the effective rate of a loan, which statement or statements must be true if n is gr...
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