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Home Q & A Board Science-Related Homework Help Mathematics
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mdensmore mdensmore
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5 months ago
You are offered a loan at a rate of 9% compounded monthly. Below what nominal rate of interest would you choose semiannual compounding instead? Round to the nearest 0.01%.
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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AdieMichelleAdieMichelle
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9.17% compounded semiannually
1

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mdensmore Author
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5 months ago
This helped my grade so much Perfect
sleinhi
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Yesterday
Thanks
my2redeyes
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2 hours ago
Helped a lot
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