Business, 27.02.2020 18:38 familyvazquez7

Picabo borrows $1000. To repay the amount, she makes 12 equal monthly payments of $93.12. Determine the following: a)The effective monthly interest rate. b)The nominal annual interest rate. c)The effective annual interest rate.

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Picabo borrows $1000. To repay the amount, she makes 12 equal monthly payments of $93.12. Determine...