Business, 29.12.2021 22:50 emmat1220

The nominal rate on Sarahâ€™s loan is 7. 250%. If the interest is compounded monthly, what rate of interest is Sarah actually paying? a. 7. 250% b. 7. 496% c. 7. 510% d. 8. 700%.

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The nominal rate on Sarahâ€™s loan is 7. 250%. If the interest is compounded monthly, what rate of i...