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If a loan has a nominal interest rate of 7% and is compounded annually, what is the effective annual interest rate?
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If a loan has a nominal interest rate of 7% and is compounded annually, what is the effective annual interest rate?
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Jul 16, 2024
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If a loan has a nominal interest rate of 7% and is compounded annually, what is the effective annual interest rate?
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Answer:
Step-by-step explanation:
I JUST NEED POINTS
Waleed Eissa
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