Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Solve please will all steps without excel. A loan of 45,000 SR is to be financed to assist in purchasing a new home. The loan must be repaid based on monthly compounding, in a single payment of 65,000 SR to be made 60 months from today. What is the nominal interest rate being charged?
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