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kokomel23 kokomel23
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A year ago
A $10,000 debt is repaid by payments of $800 at the end of each quarter for five years. What semiannually compounded nominal interest rate was charged on the loan?

▸ 23.10%

▸ 20.35%

▸ 11.08%

▸ 9.81%

▸ 19.86%
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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GlitterBug11GlitterBug11
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A year ago
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Anonymous
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22 hours ago
Help! The answer is missing an explanation...
wrote...
7 hours ago
Solution given. If you need further help, let me know
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