A firm has decided to borrow 500000 on a 10 add on basis
A firm has decided to borrow 500,000 on a 10% add on basis, payable in 6 end of the month installments. What would the nominal annual rate be on the loan be?
a. 12.7 b 14.8 c 16.9 d18.4
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a firm has decided to borrow 500000 on a 10 add on basis payable in 6 end of the month installments what would the
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