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Mathematics, 30.08.2019 20:40 luhmama
Dave is considering two loans. loan u has a nominal interest rate of 9.97%, and loan v has a nominal interest rate of 10.16%. if loan u is compounded daily and loan v is compounded quarterly, which loan will have the lower effective interest rate, and how much lower will it be?
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Dave is considering two loans. loan u has a nominal interest rate of 9.97%, and loan v has a nominal...
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