If $13,376.39 was the interest earned on lending $87,000.00 for 4 years, what was the quarterly compounding nominal interest rate charged on the loan?
If $13,376.39 was the interest earned on lending $87,000.00 for 4 years, what was the quarterly compounding nominal interest rate charged on the loan?
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 68SGR
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