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dove298 dove298
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10 months ago
Your credit card charges you 18% compounded monthly. You wish to add it to your bank loan and the bank says they quote loans on a semiannual compounded basis. What semiannually compounded rate would be equivalent to the credit card rate?
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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neginakbarinneginakbarin
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10 months ago
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this is exactly what I needed
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