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Mathematics, 28.01.2020 23:04 rachelkim999

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? a. 8.5 b. 0.85 c. 0.085 d. 1.85

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When calculating a loan’s effective interest rate, if the nominal rate is 8.5%, what value of i do y...
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