Mathematics, 09.12.2019 22:31 carolynhstevens

The nominal rate on sarah’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%

Answers: 3

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The nominal rate on sarah’s loan is 7.250%. if the interest is compounded monthly, what rate of inte...